Recent Insurance Industry News

Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW

• Microsoft, Google and xAI to Give Government Early Access to AI Models

• Business Moves: Howden Acquires Cyber Analytics Firm Cybeta

• SEC Rule to End Biden-Era Climate Policy Sent to White House

• FAA Proposes Limits on Drone Flights to Address Security Worries

• AIG Set to Exit Corebridge Financial With $710M Stake Sale

Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW

• Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition

• Iran Confirms It Is Reviewing New US Proposal as Sources Say Sides Closing In on Deal

• FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties

• Fatal 2022 China Plane Crash Points to Midflight Fuel Cutoff

• Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says

Spanberger Weighs Legislation to Allow Class Action Lawsuits in Virginia Courts

• Pennsylvania Sues Character AI, Says Chatbot Poses as Doctors

• EEOC Lawsuit Claims NY Times Wrongly Denied White Male Editor a Promotion

• Kalshi Grilled by Massachusetts High Court Over What Gambling Is

• Electrical Fire Closes Broadway Theater Showing ‘The Book of Mormon’

• Rhode Island Approves 2.5% Workers’ Compensation Decrease

People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy

• Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies

• People Moves: Society Insurance Names Kohli as VP of Information Technology

• Railroad Wrongfully Suspended Worker for Reporting Collision: OSHA

• Wheat Crops Wither, Herds Thin as Spring Drought Deepens

• American Farmers Shun USDA Surveys as Trust in Data Erodes

Texas Mutual Board Approves $300M Dividend Distribution

• 10 Hospitalized After Chemical Leak at Louisiana Business

• Louisiana Directive Requests Annual Reporting of Personal Lines Data

• TWFG Acquires Texas-Based Asset Protection Insurance Associates

• Wheat Crops Wither, Herds Thin as Spring Drought Deepens

• SpaceX Sued for Alleged Home Damage in South Texas

Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year

• Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices

• Fire Destroys Lab Building on University of South Florida Campus

• People Moves: NCDOI Names Price Deputy Commissioner Over Company Services

• No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law

• People: Sunstar Names New CEO, King Risk Adds Sales Leadership

Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico

• Bird Flu May Spread Through Air on California Dairy Farms, Study Finds

• DOJ Files Statement of Interest in California Fire Insurance Case

• A Quiet Alaska Fault Is Missing The Fluids Scientists Expected

• Oregon Regulator Shuts Down Health Sharing Company’s ‘Unlicensed’ Insurance

• California Taking Action Against State Farm Over LA Wildfire Claims