Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

May 2018 Saw Severe Weather in Nearly Every Global Region: Aon Report

Jun 8 2018 // Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe...

North Dakota Construction Firm to Pay $59K to Settle Sexual Harassment Suit

Jun 8 2018 // A North Dakota civil construction company operating in Minot will pay $59,000 to settle a sexual harassment and constructive discharge lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC).The...

Insurance Cutback Among Reasons Europeans Withdrawing from Iranian Oil Market

Jun 7 2018 // European refiners are winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports after the United States imposed sanctions on Tehran, company and trading sources said.The...

NOAA Expects Sea Level Rise to Produce Record Coastal Flooding This Year

Jun 7 2018 // Break out the galoshes.The projected increase in high tide flooding in 2018 may be as much as 60 percent higher across U.S. coastlines compared to typical flooding about 20 years ago, according to scientists at the...

Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’

Jun 7 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans.From its current premium base of $1.2 billion, Victor has...

Hawaii Insurance Agent Busy Sorting out Coverage Mess from Lava Flows

Jun 6 2018 // It could be an understatement to say Amber Lopez, principal at Pacific Island Insurance LLC in Hawaii, has been busy over the past month as the island state’s erupting Kilauea sends lava flows throughout...

Lloyd’s Index Shows $92B at Risk in North American Cities Each Year

Jun 6 2018 // Cities in the U.S. and Canada stand to lose $92.96 billion per year to risks like market crash, cyber attack and flood, an index from Lloyd’s released today shows.Lloyd’s newly issued City Risk Index, which...

Co-Pay Tactic by Benefit Managers Credited with Cutting Prescription Drug Prices

Jun 6 2018 // A recently adopted tactic by U.S. health plans to limit the financial assistance drugmakers provide directly to consumers for prescription medicines is taking a toll on drug prices, according to a new analysis released on...

Congress Could Shrink Federal Insurance Office

Jun 5 2018 // Congressional efforts to curtail the federal government’s involvement in insurance regulation continue this week as a House panel is scheduled to consider a measure to trim the sails of the Federal Insurance Office...

Energy Sector Cyber Insurance, Cybersecurity Struggles Leave Taxpayers, Customers Exposed

Jun 4 2018 // Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable losses.Brit...

Business Moves

Jun 4 2018 // Ascot US, Greyhawk InsuranceAscot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary, Grey-hawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff...

Cyber Market Grew 32% But Small-Medium Firms Opted Out

Jun 4 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year-over-year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....

Oil Firms Using Robots, Drones for Dangerous Offshore Work

Jun 4 2018 // At BP’s massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD,...

People

Jun 4 2018 // Doug Slape has been promoted to second-in-command at the Texas Department of Insurance.Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three...

Researchers Cool Their 2018 Hurricane Season Forecast

Jun 1 2018 // Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don’t take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring researchers to scale...

New ISO Program Targets Home Healthcare Insurance Market

Jun 1 2018 // ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business. The aging population is one factor in the significant expansion...

More U.S. Firms Follow Europeans in Valuing Apprenticeships to Attract Talent

May 31 2018 // The rise of the apprentice: a European tradition comes to the U.S.The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the...

New York Attorney General Leads Suit Against U.S. Environmental Protection Agency

May 31 2018 // New York Attorney General Barbara D. Underwood, joined by Attorneys General Xavier Becerra of California and Brian Frosh of Maryland, has led a lawsuit against the United States Environmental Protection Agency (EPA) for...

How to Succeed in Today’s Small Business Insurance Market

May 30 2018 // The small business market is big. The U.S. small commercial market represents about one-third of the total commercial lines market and generates between $99 billion and $103 billion in direct written premium, according to...

European Insurers Bypassing U.S. Treasuries

May 29 2018 // U.S. Treasuries need to get a lot cheaper to attract some European investors.Even with yields at multi-year highs, Treasuries are paying less than their pricier German peers when European insurers account for steep hedging...