Recent Insurance Industry News

Resilience: Cyber Risk Shifts From Disruption to Long-Tail Losses

• Commercial P/C Market Softest Since 2017, Says CIAB

• Insurtech Hippo Full-Year Net Income Reverses 2024 Loss

• Amex, Deere, J&J Abandon Board Diversity Rule, Activist Says

• Tesla Must Face Lawsuit Alleging Anti-American Bias in Hiring, Judge Rules

• Hackers Used AI to Breach 600 Firewalls in Weeks, Amazon Says

EU Countries Give Final Approval to Weaken Company Sustainability Laws

• Update: Switzerland to Pay 50,000 Francs to Crans-Montana Fire Victims

• Surge of Insurance Capital Into Private Markets Boosts Hiring, Pay Deals

• Canada to Press OpenAI Safety Officials in Wake of School Shooting

• Munich Re Plans to Return €5.3 Billion to Investors

• Tycoon Richard Li’s Bolttech in Talks to Buy Thiel-Backed MoneyHero

AI Lost Out to Traditional Models in Forecasting NYC’s Blizzard

• Deep-Sea Tech Being Deployed to Find Sunken Fishing Boat Off Massachusetts

• Tow Truck Operator and Used Car Dealer Sentenced for Car Theft Scheme

• People Moves: SAN Group Names Marcou; Underwood Joins Alliant

• Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather

• Over 2,000 Flights Canceled, 380,000 Homes Without Power as Storm Effects Continue

Michigan Health Care Provider Sued for Race Discrimination

• WalkerHughes Acquires Ohio’s Sacksteder Worland Insurance Agency

• AbbVie Invests $380M to Expand Illinois Manufacturing for Neuroscience, Obesity Meds

• Kansas at Vanguard of Denying Trans Identities on Drivers Licenses With New Law

• Wisconsin Lawmakers Pass Expanded Medicaid for Moms

• South Dakota Considering Bill APCIA Says Could Increase Auto Insurance Costs

TWIA Board Sets $4.3B as 1-in-50 Probable Maximum Loss for 2026 Storm Season

• Vistria Acquires Texas-Based MGA Lumen

• Tree-Planting in Louisiana Wetlands Aims to Rebuild Natural Barriers

• Waymo to Debut in Biggest Texas Cities After New York Setback

• Oklahoma Captive insurance Program Adds 10 Insurers

• Oklahoma Medical Practice to Pay $90K in Pregnancy Discrimination Lawsuit

Florida OIR Slams Committee-Approved Clearinghouse Bill Changes as ‘Illusory’

• Alabama Governor Signs Law Barring New Environmental Regulations

• NC State Workers Should Seek Comp Benefits, Not Constitutional Claims, Court Told

• Court Sharpens Causation Standard in All-Risk Policies in NC Church Mutual Case

• Mississippi Hospital System Closes All Clinics After Ransomware Attack

• NC House Fire That Killed Hamlin’s Father Ruled Accidental But Cause Unknown

DOJ Sues UCLA Claiming It Ignored Antisemitism Toward Staff

• Wynn Resorts Says Hackers Stole Employee Data

• California Vocational School CEO Charged in Worker Education Benefits Scheme

• California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition

• Push to Tax California Billionaires Causing Political Stir

• Viewpoint: Claims Handling Breakdowns From LA Wildfires One Year on