All the headlines from our USA Topic Page, ordered by recency.
Aug 14 2023 // The death toll from fast-moving wildfires in Maui rose to 93, making them the deadliest in the US in more than 100 years, as concerns grew about the effectiveness of the island’s emergency alarm system.The number of...
Aug 14 2023 // Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark...
Aug 14 2023 // Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use.Companies worldwide are...
Aug 11 2023 // As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why?Sobbing, King identified the shooter as her neighbor in the small...
Aug 10 2023 // Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year earlier as stronger earnings from its insurance business offset weaknesses in its asset...
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
Aug 8 2023 // The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent...
Aug 7 2023 // A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses.In an order made public on Friday, U.S....
Aug 7 2023 // U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of...
Aug 7 2023 // Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace...
Aug 4 2023 // Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle claims that its marketing of opioid drugs raised the hospitals’ operating costs.As part of the...
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Aug 3 2023 // Eight-in-10 people around the globe in July were exposed to one day or more of heat made at least three times more likely by climate change, and 244 million people in the U.S. experienced at least one such day in the...
Aug 3 2023 // A more than two-year investigation by The Associated Press identified scores of problematic dams nationwide, but New Jersey is excluded from the analysis because the state did not fully respond to the records requests.The...
Jul 28 2023 // BATON ROUGE, La. (AP) – This summer – as blistering heat waves scorched the Southwest, wildfire smoke from Canada choked much of North America, a drought in the central U.S. devastated soybean and corn crops, and...
Jul 27 2023 // American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to...
Jul 27 2023 // The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on Russian oil as the crude trades over that...
Jul 25 2023 // U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that gives the first look at how or if insurance companies are adopting the widely used Task Force for...
Jul 25 2023 // On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted...
Jul 24 2023 // Marsh said today that Pat Donnelly has been appointed as president, Marsh Specialty and Global Placement, effective immediately.Donnelly was formerly president of Marsh’s US business since the start of 2022. Prior to...