Recent Insurance Industry News

MMA Alleges Broker Patriot Poached 11 Surety Team Members

• Survey Highlights Growing Interconnected Risks, Protection Gaps

• Chinese Hackers Pose Biggest Espionage Threat to Tech Firms, CrowdStrike Says

• Supreme Court Bolsters SEC’s Power to Recoup Illegal Gains

• Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says

• Register: Risky Future AI Tools for Retail Agents ‘Demo Day’ on June 10

Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA

• India’s Ship Certifier Takes Tougher Stance on Sanctioned Tankers

• Israel Kills Eight in Strike on Lebanon; US Rescues Helicopter Crew From Hormuz

• New UK Referendum Would Flip Brexit Result of a Decade Ago, Poll Finds

• Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says

• Rescue Efforts Underway as Philippine Quake Death Toll Hits 37

Workers’ Compensation Costs Running High in Pennsylvania: WCRI

• ANV Group Adds Another Workers’ Compensation Agency to Its Roster

• 8 Charged With Faking Shippers’ IDs to Steal Meats, Cheeses, Copper and Cigarettes

• 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

NFP Acquires Kansas’ Signature Personal Insurance

• Company Ordered to Pay $500K Fine for Violating Asbestos Regulations in Michigan

• 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

Rio Grande Valley Farmers are Bracing for Severe Drought

• Texas Governor Vows Sped Up Construction of Screwworm Fly Breeding Facility

• 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

USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout

• Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer

• People Moves: Florida Lawyers Mutual Names Coady CEO

• Earthquake Off Cuba Felt Across South Florida

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

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

PG&E Could Cut Power in 8 California Counties Due to Winds, Fire Danger

• Markets/Coverages: Alliant in California Rolling out Retirement & Wealth Business

• 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; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker; Legner Joins Trucordia as Agriculture Platform Senior VP

• Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs