Recent Insurance Industry News

The Hartford Q3 Net Income Up 41%

• J&J Talc Cancer Suits Rise 17% After Failed Settlement Push

• Wright Flood’s Buy of Poulton Associates to Create Largest Flood Insurance Provider

• PepsiCo Resolves Lawsuit Over Gatorade Health Bar Claims

• Brown & Brown Reports Strong Q3 Revenue Growth of 35.4%

• Federal Judge Decertifies Apple App Store Class Action

Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing

• Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal

• Jamaica Catastrophe Bondholders Headed for ‘Full’ Trigger Event

• Update: Hurricane Melissa Bears Down on Jamaica as Category 5 Storm

• Update: Catastrophe Bond Investors Told to Brace for Jamaica Payout

• Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting

Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court

• Officer Faces Misconduct Charge for ATM, Pizza Stops Instead of Murder Investigation

• Exonerated Trader Sues UBS for $400 Million Over Libor Accusations

• Employee Accused of Stealing 47 Vehicles From Car Rental Site at Airport

• Trump Denies Disaster Declarations for Maryland, Vermont and Illinois

• Staff Member Dies After Being Kicked at Residential School

EPIC Acquires Illinois’ Price Insurance

• People Moves: Evans Jr. Elected President of Big I Illinois

• AM Best Revises Outlooks to Stable for Members of Illinois’ Pekin Insurance Group

• Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’

• South Dakota Company Recalls Pork Jerky That May Contain Metal Wire

• Best Agency to Work For – Midwest Region: DSP Insurance Services

Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M

• Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks

• AM Best Assigns Credit Rating to Texas’ Dallas Specialty

• Jury Awards $40M to Family of Louisiana Man Who Died in Privately-Run Jail

• Best Agency to Work For – South Central Region: Higginbotham

• Trump Plan Would Open Almost All Coast to Offshore Drilling

Kentucky Supreme Court Weighs in on Three Workers’ Comp Cases

• Security First the Latest in Florida to Announce Home Insurance Rate Cut

• Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says

• Chemical Board Investigators Digging Into Fatal Tennessee Explosives Plant Blast

• Florida’s Universal P&C Reports Strong Profits, Policy Growth for Q3

• After $7M in Local Incentives, Alfa Launches Renovation of New HQ in Montgomery

Wyoming to Be Hub for US Rare Earth, Critical Mineral Stockpile

• Researchers in California Are Mapping Rural Heat to Protect Farmworkers

• California Commissioner’s Regulation to Prevent Insurance Crises From Climate Disasters, Cyber Threats, AI

• Transportation Secretary May Pull $160M From California Over Noncitizen Truck Licenses

• ExxonMobil Sues California, Claims New Green Laws Violate Speech

• California Commissioner Asks Insurers for Policyholder Relief During Shutdown