Latest USA Headlines

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

QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes

Jan 24 2018 // QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims.“This has been a challenging year for QBE, reflecting an...

Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders

Jan 24 2018 // Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of...

In 2017, Labor Lawyers Raced to Settle Class Actions Before Trump Effect

Jan 24 2018 // While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor...

$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR

Jan 23 2018 // A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on...

SpaceX Lost Satellite on U.S. Mission Was Uninsured

Jan 23 2018 // U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission...

If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public

Jan 23 2018 // Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept.“I’m working with this...

Cyber Attacks on U.S. Power Grids Can Be Deterred With Password Changes

Jan 22 2018 // A key to preventing cyber attacks from crippling U.S. power grids could be changing passwords on internet routers, wifi-connected thermostats and smart lawn-sprinklers.“A significant share” of internet attacks...

McDonald’s, U.S. Labor Board Begin Talks to Settle ‘Joint Employment’ Trial

Jan 22 2018 // McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that...

Saudi Arabia Asks U.S. Judge to Throw Out 9/11 Lawsuits

Jan 22 2018 // Saudi Arabia asked a U.S. judge to throw out lawsuits claiming it helped al-Qaeda carry out the Sept. 11 terrorist attacks, arguing the victims haven’t provided any evidence to back their cases.Michael Kellogg, a...

Women More Likely Than Men to Lose U.S. Jobs by Automation: WEF Report

Jan 22 2018 // Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to...

Louisiana Man Pleads Guilty in Deepwater Horizon Compensation Fund Fraud

Jan 22 2018 // An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced.U.S....

XL Group: Loss Estimates of $45M Related to Southern California Wildfires

Jan 22 2018 // XL Group Ltd. in mid-January announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events.The...

People

Jan 22 2018 // Connie Clarke has been appointed president of TDECU Insurance Agency LLC in Lake Jackson, Texas.Clarke brings more than 20 years’ experience in both the insurance and financial services industries to the...

Zurich Shares Lessons from First Earn-and-Learn U.S. Apprenticeship Class

Jan 22 2018 // In early 2016, Zurich North America teamed up with William Rainey Harper College in Palatine, Ill., to offer an apprenticeship in insurance program and now its first group of employee-students have graduated with a job at...

2017 Disasters

Jan 22 2018 // The Federal Emergency Management Agency (FEMA) was busy in 2017 as it supported 59 major disaster declarations and 16 emergency declarations, a year during which unprecedented disasters affected more than 25 million...

U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best

Jan 22 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...

The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law

Jan 22 2018 // Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less annually as a result of...

People

Jan 22 2018 // Chesapeake Employers’ Insurance Co., a Towson, Md.-based workers’ compensation specialist, has hired Danielle Quinn as a pharmacist case manager.In this role, Quinn is responsible for managing the Pharmacy...

U.S. Regulator Pulls Back from MetLife’s ‘Too-Big-to-Fail’ Designation

Jan 19 2018 // The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system.MetLife and...

U.S. Banks Face Growing Threat from Cyber Attacks: New Bank Regulator

Jan 19 2018 // U.S. banks are facing a growing threat from cyber attackers and making defense against them more complex by relying on third-party firms for support, according to a report released Thursday by Joseph Otting, the Trump...