All the headlines from our USA Topic Page, ordered by recency.
Aug 7 2018 // A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these instruments would...
Aug 6 2018 // A large majority of Texas residents are not taking necessary steps to protect their property this hurricane season despite the aftermath of Hurricane Harvey, according to a new poll conducted online by SurveyMonkey on...
Aug 6 2018 // BNSF Railway has agreed to pay the U.S. government $200,000 and spend up to $750,000 on road repairs to settle claims that the company failed to pay for damages caused by a 2011 train derailment in northwestern Montana,...
Aug 6 2018 // Taiwan Semiconductor Manufacturing Co. (TSMC), which makes chips for the iPhone and other devices, is recovering from a debilitating computer virus but warned of delayed shipments and reduced revenue because of the impact...
Aug 6 2018 // This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade.Auto insurer Geico and the...
Aug 6 2018 // A federal jury decided Friday that the world’s largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms for unreasonable nuisances they suffered from odors,...
Aug 6 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
Aug 3 2018 // A single personal electronic device that overheats and catches fire in checked luggage on an airliner can overpower the aircraft’s fire suppression system, potentially creating a fire that could rage uncontrolled,...
Aug 3 2018 // The Atlantic hurricane season may have gotten off to an early start this year, but it’ll probably end with a whimper — at least when it comes to the total number of storms.Twelve named storms are likely to form...
Aug 3 2018 // Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake.The gains help keep Allianz on track to meet...
Aug 3 2018 // Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster.The...
Aug 2 2018 // At least 65 U.S. citizens were aboard the Aeromexico passenger jet that crashed in northern Mexico, a U.S. official said on Wednesday, as investigators combed the wreckage for clues to the cause of the accident.The Mexico...
Aug 2 2018 // Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice...
Aug 2 2018 // AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business.AXA, posting its first results since a disappointing partial spinoff of...
Aug 1 2018 // A federal appeals court in Ohio on July 31 heard arguments by opposing attorneys in a class action involving whether agents working for an insurance carrier on an exclusive basis should be classified as independent...
Aug 1 2018 // The U.S. District Court has approved a consent decree between Irvine, Calif.-based Alorica Inc. and the United States Equal Employment Opportunity Commission for $3.5 million and remedial measures to resolve a sexual...
Aug 1 2018 // Munich Re Specialty Group Ltd. (MRSG) of London is expanding its underwriting platform in North America and has tapped John Hennessy to lead the initiative. Hennessy was named president and chief executive officer of MRSG...
Aug 1 2018 // Dozens of people were injured when a packed Aeromexico-operated Embraer jet crashed right after takeoff in Mexico’s state of Durango on Tuesday, but authorities said most were not seriously hurt and there were no...
Aug 1 2018 // The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging...
Aug 1 2018 // Beazley has launched a new consortium at Lloyd’s to bring increased capacity for wage & hour risks, expanding the choices available to U.S. organizations.Building on Beazley’s experience in employment...