Recent Insurance Industry News

WTW: US Commercial Rates Continue Moderation With 2.5% Increase in Q1

• Google and Meta Denied New Trial in Youth Social Media Addiction Case

• USDOT Rescinds ‘Disparate Impact’ Civil Rights Regulation

• US Derivatives Regulator Maps Out Rules for Soaring Prediction Market Industry

• People Moves: Andersen to Lead Nationwide Agribusiness Distribution; Ascot Names Eppers Group Chief Investment Officer; Baron Joins Zurich as US Head of Energy

• WR Berkley Founder and Executive Chairman Dies at 80

China Evergrande’s Liquidation Prompts Some PwC Partners to Weigh Shielding Assets

• Trump Says US Will Hit Iran ‘Very Hard’ After Tit-for-Tat Strikes

• Viewpoint: Insurers Seek to Navigate Cost of Capital Hurdles to Better Fund Their Futures

• Indian-Crewed Tanker Hit off Oman in Suspected Third US Strike This Week

• MFS Collapse Triggers Probe Into Failed UK Lender’s Auditors

• US, Iran Exchange Strikes, Putting Lasting Peace Deal at Risk

Nonprofit Hospital Entitled to Liability Cap But Not Immunity, Says NJ Supreme Court

• Uber Sues New York City Over ‘Reckless’ Driver Protection Law

• Ben & Jerry’s Co-Founder Says Brand Being ‘Destroyed’ by Magnum

• As Pennsylvania Cracks Down on AI, Multiple Chatbots Continue to Pose as Doctors

• Connecticut Drivers to Lose License for Repeatedly Failing to Stop for School Bus

• Massachusetts Cites Worsening Drought Conditions as Summer Arrives

Michigan, Canada Plan Opening of Bridge Trump Threatened to Block

• Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency

• 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

Flesh-Eating Cattle Parasite Spreads Beyond Texas

• Texas Governor Recommends Sweeping Data Center Regulation

• 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

Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups

• Impeachment Sought on Federal Judge Over Sex in Chambers, Lying to Investigators

• People: Moore Takes Over as President of Independent Agents of Georgia

• Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit

• Palm Beach Agent Charged With Keeping $90,000 in Surety Bond Payments

• Dozens of Immigrant Workers Detained at Carolina Metal Castings Plant After Raid

Man Accused of $37 Billion LA Fire Is Innocent, His Lawyer Says

• xAI Accused of Illegally Firing California Engineer Who Raised Safety Concerns

• Report: Rising CT Claims Driving Shifts in Comp Costs and Patterns in California

• Inszone Acquires Professional Insurance Strategies in Arizona

• Trial Begins for Man Accused of Sparking Deadly Palisades Fire

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