Latest USA Headlines

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

Chinese Online Insurer ZhongAn Leads Financial Technology Innovation

Dec 15 2015 // Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and interest in the sector...

U.S. Unveils Hobby Drone Registry Rules, Deadlines

Dec 14 2015 // The Federal Aviation Administration (FAA) has unveiled its registration process for owners of small unmanned aircraft (UAS), or small drones used for hobby or recreation.The registration requirement applies to UAS weighing...

VW Owners Nominate Feinberg to Manage Potential Emissions Settlement

Dec 14 2015 // Consumer lawyers suing Volkswagen AG over economic losses tied to vehicles rigged to cheat emissions tests have nominated Kenneth Feinberg as a special settlement master.Feinberg handled General Motors Co.’ ignition...

Will AIG Management Shakeup Improve Results?

Dec 14 2015 // American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, said last week that Chief Financial Officer David Herzog is among top managers leaving the company as Chief...

U.S. Safety Agency Advocating Stronger Truck Rear-Impact Guards

Dec 14 2015 // The U.S. National Highway Traffic Safety Administration is proposing that trucking companies be required to install stronger guards on their trailers to reduce deaths caused when cars rear-end tractor trailers.The agency...

Australia’s Suncorp Slumps Most Since 2009 on Insurance Margins Warning

Dec 14 2015 // Suncorp Group Ltd., Australia’s largest insurer by market value, plunged the most since 2009 after saying margins in its general insurance business will be hit by storm claims and increased costs due to a weaker...

Great American Insurance Launches M&A Liability Division in New York

Dec 11 2015 // Great American Insurance Group, based in Cincinnati, Ohio, has launched a new Mergers & Acquisitions Liability Division.This unit, which is based in New York, will offer primary and excess representations and...

‘Happy Birthday’ Song Copyright Discord Ends on Harmonious Note

Dec 11 2015 // A settlement has been reached in a U.S. lawsuit with Warner/Chappell Music over the copyright to “Happy Birthday to You” that will put one of the world’s most recognizable songs in the public domain,...

Scant U.S. Insurance Presence at Paris Summit, Says Ceres

Dec 10 2015 // You’d think just about everyone who’s anyone attended the massive climate change summit in Paris ending this week.The 2015 United Nations Climate Change Conference, COP 21, drew an estimated 50,000 attendees to...

Investors Assess El Niño Effect on Businesses from Bug Killers to Insurers

Dec 10 2015 // As the El Niño weather phenomenon makes the U.S. Northeast warmer, the Midwest drier, and the South and the West wetter this winter, Eric Marshall, portfolio manager of the $2 billion Hodges Small Cap fund, is not one of...

Liberty Mutual Posts $427 Million Q3 Loss on Venezuela Operations, Energy

Dec 10 2015 // Liberty Mutual Holding Co., the second- largest U.S. property-casualty insurer, posted its worst loss in at least a decade on costs tied to scaling back operations in Venezuela and the declining value of some...

Warming to Alternative Classifications for Gig Economy Workers

Dec 10 2015 // Judges and juries around the country are being asked to decide whether Uber and Lyft drivers and other participants in the “gig economy” are really independent contractors or just employees in disguise. But...

U.S. Risk Announces Acquisition of Matias Underwriters, LLC.

Dec 10 2015 // Dallas, TX, December 10, 2015- U.S. Risk Insurance Group, Inc., the nations’ sixth largest Property and Casualty wholesaler announced that it has acquired Matias Underwriters, LLC and has named Glenn Matias National...

California Judge Breyer Expected to Combine, Expedite VW Diesel Claims

Dec 9 2015 // A San Francisco judge who is the brother of Supreme Court Justice Stephen Breyer will oversee more than 500 consumer lawsuits against Volkswagen AG over claims of economic losses connected to rigged emissions-testing...

‘Monster’ El Nino May Increase Global Warming, Cause Stronger Weather Events

Dec 9 2015 // In Buffalo, it hasn’t snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during what’s already...

U.S. Looks to Revamp Auto Safety Ratings, Add High-Tech Crash Dummies

Dec 9 2015 // U.S. regulators proposed a remake of the five-star crash-test ratings system for automobiles to take into account new technology — and new test dummies.The National Highway Traffic Safety Administration’s...

Beazley Launches Breach Response Services for Non-U.S. Policyholders

Dec 9 2015 // Beazley has introduced a suite of breach preparedness services tailored to the needs of policyholders outside the U.S. The insurer has partnered with privacy specialist lawyers DAC Beachcroft; IT security specialists CGI...

Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer

Dec 8 2015 // The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy.Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty...

India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap

Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...

Karen Clark Adds US Earthquake Reference Model to Modeling Platform

Dec 7 2015 // Karen Clark & Company (KCC) has released a new US earthquake Reference Model as part of the RiskInsight open loss modeling platform. The earthquake model is based on the latest 2014 US Geological Survey (USGS) report...