Recent Insurance Industry News

D&O Market Expected to Tighten Under Pressure, Says AM Best

• Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk

• Trump Approves $700 Million in Bid to Revive Coal Industry

• Merck to Settle Bulk of Gardasil Suits for About $50 Million

• Mastercard, American Eagle Boost Pride Month Spending Despite Backlash

• Paramount to Face Legal Challenge From States on Warner Deal

Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea

• Iran Announces End to Attacks on Israel Following Trump’s Plea

• Thai Consumer Watchdog to File Civil Suit Against Volvo Cars’ Thai Unit, Official Says

• UK’s Legal & General Says Energy Transition Is ‘Alive and Well’

• Markets/Coverages: Willis Expands Int’l Property Facility, With $60M Follow Capacity

• People Moves: Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division; UIB Names Burns and Wilcox’s Webb as Divisional Director – Binders

Karen Read Sues Police Agencies That Investigated Her Boyfriend’s Death

• Court Rejects NRA Ex-Leader LaPierre’s Appeal of NY’s $4.3M Judgment

• People Moves: Maine Insurance Superintendent Carey Retires

• Fatal Virginia Bus Crash Raises Questions About Bus Safety, Driver and Company

• United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap

• Newsrooms Sue Leaders of Penn State Trustees Over ‘Gag Policy’

Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination

• Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits

• Iowa’s Water Pollution Threatens Recreational Activities and Public Health

• Ohio State Approves $100M Settlement to Former Athletes in Sexual Abuse Case

• Ohio Sues Contractor for Incomplete Home Improvement

• Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers

People Moves: CorVel Names Scott as CEO and President

• Deadly Screwworm Pest Spreads in Texas With Two New Cases

• Texas Children’s Hospital to Pay $10M as Part of Detransition Settlement

• Artist Suing FIFA Over Destruction of Dallas Whale Mural

• Corpus Christi Delays Decision on Billion-Dollar Water Plant

• Deadly Screwworm Parasite Found in US Threatens Cattle Herd

Atlanta-Area Insurance Agent Charged With Taking Premiums, Giving Fake COIs

• Hail Fire: NC Couple Charged With Making Duplicate Claims for Same Damage

• Miami Moves to Seize Part of Posh Island After Fuel Fight

• Trump Admin Wants to Close Watchdog on West Virginia’s Chemical Disasters

• Georgia Commissioner’s Office Offers $10,000 Reward for Help on String of Arsons

• Shepherd Corrals Another SW Florida Agency—Responsive Insurance in Naples

Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car

• California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations

• People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker

• Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs

• Environmental Brokers Busier Following Washington Chemical Plant Blast

• Tesla Settles Some Worker Racism Claims as Bigger Trial Looms