Latest USA Headlines

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

Fracking Earthquakes Pop Up in Unexpected Corner of Oklahoma’s Shale Patch

Feb 9 2018 // The oil prospectors of Oklahoma, it appeared, finally had a solution to their earthquake problem.Ordered by regulators to curb the wastewater they were dumping deep into the ground, they watched with satisfaction as...

U.S. Judge Rules ‘Gig Economy’ Driver Is Independent Contractor

Feb 9 2018 // A U.S. judge in San Francisco on Thursday said a former Grubhub Inc. delivery driver was an independent contractor and not the company’s employee, in the first case of its kind against a “gig economy”...

January Windstorms to Cost Europe’s Insurers More Than $2B: Aon

Feb 9 2018 // European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s...

From Bermuda to Switzerland, Reinsurers Lure Variety of Potential Investors

Feb 9 2018 // The $500 billion reinsurance industry is experiencing a flurry of deal talks.One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it harder...

Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik

Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...

North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics

Feb 9 2018 // If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit.The Games are being staged about two...

Climate Change and the ‘Fire Insurance Predicament’

Feb 8 2018 // A Washington-based conservative group is suing for information on the U.S. government’s “backstage work” on the Paris agreement it says will help pave the way for President Trump’s withdrawal from...

U.S. Weather Service Test Became False Tsunami Warning on East Coast

Feb 8 2018 // A tsunami warning was erroneously sent Tuesday to some mobile phones along the East Coast and other coastal locations, less than a month after a false notification of a missile attack in Hawaii was sent by that...

CoreLogic Identifies Flood and Wildfire as the Two Most Destructive Natural Hazards in 2017

Feb 7 2018 // This post is part of a series sponsored by CoreLogic.CoreLogic® analyzes and evaluates the number and severity of natural hazard events that occur across the U.S. in its Natural Hazard Risk Summary and Analysis in order...

U.S. Safety Board Blames Two NYC-Area Commuter Crashes on Sleep Disorders

Feb 7 2018 // A U.S. investigative agency said on Tuesday that two New York City area commuter train crashes were the result of engineers with undiagnosed sleep disorders.The National Transportation Safety Board (NTSB) criticized the...

A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017

Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses.The expected net underwriting loss for 2017 of $29.3...

How Disasters Expose Challenges and Opportunities for Insurance

Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...

Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank

Feb 7 2018 // Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides...

Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox

Feb 7 2018 // Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist...

U.S. May Move to Regulate Virtual Currencies

Feb 7 2018 // U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange...

Alabama Sues OxyContin Maker Purdue Pharma Over Opioid Epidemic

Feb 7 2018 // Alabama on Tuesday became the latest state to file a lawsuit accusing OxyContin maker Purdue Pharma LP of fueling the opioid epidemic by deceptively marketing prescription painkillers to generate billions of dollars in...

Railway Signals Turned Off For PTC Installation At Time of South Carolina Crash

Feb 7 2018 // Railway signals were out while crews installed a safety system that could have prevented the exact type of crash that killed two people in South Carolina when an Amtrak train was diverted to a side track and slammed...

Public Firms Now Face Question of When to Disclose Sexual Harassment Claims

Feb 6 2018 // The steep drop in the stock price of Wynn Resorts Ltd. following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be...

Latest Amtrak Crash Highlights Upcoming Rail Safety Deadline

Feb 6 2018 // Only about a quarter of U.S. railroad tracks that carry passenger trains have an anti-crash system that safety officials say could have prevented a fatal weekend crash, even though a year-end deadline to finish installing...

Worley Claims Services Acquires Audit Services Incorporated of Georgia

Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...