National News for May 2023
- U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
- Supreme Court Turns Away Social Media Sex Trafficking Case
- Boeing 737 MAX Relatives May Pursue Pre-Impact Victim Compensation Claims
- Cyber Insurance: A Growth Market for Insurers With Some Caveats
- Top AI CEOs, Experts Raise ‘Risk of Extinction’ From AI
- Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
- Delta Air Lines Faces Proposed Class Action Over Carbon Neutral Claims
- Purdue Pharma Can Protect Sackler Owners in Opioid Bankruptcy, Court Rules
- People Moves: The Hartford Promotes Within Group Benefits, Small Commercial, Personal Sales
- Product Recalls Hit Four-Year High in First Quarter 2023: Sedgwick
- Tipster On Ericsson Won SEC’s Largest Ever $279M Whistleblower Award
- Jury Says Google Owes Sonos $32.5M in Smart-Speaker Patent Case
- State Farm Stops Taking New Applications for Business, Personal Lines P/C in California
- EEOC Warns Employers to Check AI Workplace Monitoring Tools for Bias
- Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
- NOAA Predicts Near-Normal Atlantic Hurricane Season
- OSHA Wins Trademark Battle Against Safety Consulting Firm’s Logo
- Judge Greenlights JPMorgan Lawsuit Blaming Ex-Executive in Jeffrey Epstein Scandal
- IIHS: Rear Passengers in Small Cars at Higher Risk of Internal Injuries
- Microsoft Chief Says Deep Fakes are Biggest AI Concern
- People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Underwriting
- Do Not Call: States Sue Telecom Company Over Billions of Robocalls
- Viewpoint: Could Increasing Ransomware Frequency Bring Back Repeat of Hard Market?
- Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance
- No Way to Police All Cryptocurrency Fraud, CFTC Commissioner Says
- USI Awarded Over $2M by Federal Jury in Case Against Former Employees
- With Digital Channels Insurers Impress Shoppers but Not Existing Customers
- UN Says U.S. Concerns Have Led to Insurers Quitting Climate Alliance
- White House Takes New Steps to Study AI Risks, Determine Impact on Workers
- U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P
- Facebook Owner Meta Starts Final Round of Layoffs
- Special Report: How U.S. Doctors Buy Their Way Out of Trouble
- Ryan Specialty to Acquire Socius Insurance
- Bill Would Offer Crop Insurance Discount to Farmers Who Plant Cover Crops
- Travel Insurtech Faye Raises $10M in Series A Funding
- Judge Throws Out Shareholder Lawsuit Against Elon Musk Over Twitter Buyout
- Markets/Coverages: Sapiens to Integrate OpenAI for Insurers; WTW’s New Product for Intangible Assets; 2 New Construction Programs at Procore
- Obie Raises $25M Series B to Expand Embedded Insurance Technology
- Fitch Downgrades Allstate’s IFS Ratings to ‘A’
- U.S. Seeks Labor Rights Probe at Goodyear Tire in Mexico
- Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years
- Over 30 Million Drivers at Risk of Dangerous Airbag Blast During Collision
- How Will Economic Pressures Affect P/C Industry?
- Lawsuit Over Trident ‘Original Flavor’ Gum Is Dismissed
- People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO
- Pie Insurance CEO Tells Employees During All-Hands That 14% Are Being Let Go
- Fox’s Tubi Accused in Lawsuit of Paying Women Less Than Men
- Families of Gun Violence Victims Dig In for New Test of Gun Industry Protections
- Insurers Latest Target of U.S. AGs ESG Antitrust Concerns
- US Imposes Sanctions on Hundreds of Targets in Fresh Russia Action
- The Supreme Court Handed Google and Twitter a New Line of Defense
- Staff at Top US Farm Research Center File Complaint Alleging Unsafe Work Conditions
- Peloton Announces Long-Awaited Repair for Recalled Treadmill
- Drivers Are Shopping, Swapping Auto Insurance Policies at Record Pace
- Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
- 23 State Attorney Generals Concerned About Insurer Climate Commitments
- Supreme Court Leaves Intact Social Media Liability Shield in Win for Google, Twitter
- Commercial Property Premiums Up Over 20% to Start 2023: CIAB
- Ford Recalls 422,000 SUVs Because Rear View Camera Display May Fail
- Deutsche Bank to Pay $75 Million to Settle Epstein Suit
- J&J’s Proposed Talc Settlement Would Pay $400 Million to State AGs
- Tale of Two Markets: Largest CR Gap Between Personal, Commercial Lines in 15 Years
- Norfolk Southern Bondholders Sue Over Safety Disclosures Preceding Ohio Derailment
- AM Best: Current D&O Market Rates Could Prove Inadequate
- BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges
- Alleged Russian Hacker Charged in $200 Million Ransomware Spree
- Hackers Contacted Cybersecurity Firm CEO’s Son, Wife in Extortion Attempt
- Viewpoint: Should Insurance Drive Increased Firearm Safety?
- Insurance Journal, Carrier Management & Claims Journal Staffs Win Awards of Excellence
- Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts
- Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round
- Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition
- Wells Fargo to Pay $1 Billion in Class-Action Lawsuit
- More States Adopting Professional Standards for Public Adjusters
- AM Best: Only Two Impaired Insurers in ’22, Down From 10 in ’21
- Supreme Court Rejects Teva Challenge to $235 Million GSK Award in Patent Dispute
- Elon Musk Loses Bid to End SEC ‘Muzzle’ Over Tweets
- Supreme Court Spurns Dispute Over Monsanto Class-Action Settlement
- Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh
- Washington Is Determined to Govern AI, but How?
- Data of 237,000 Government Employees Breached
- Farmers Set to Abandon Wheat Crops at Highest Rate Since 1917
- NHTSA Demands Recall of 67 Million Air Bag Inflators
- Catalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
- Senate Panel OKs Rail-Safety Bill But Fate Uncertain
- Auto Claim Severity Up 35% over Pre-Pandemic Rates – LexisNexis Report
- Hackers Aim to Find Flaws in AI
- Auto Insurance Results ‘Historically Bad’ in 2022: S&P
- Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says
- People Moves: CFC Grabs Phillips From Resilience to Lead Cyber Practice
- Peloton Recalls Two Million Exercise Bikes For Seat Issue
- Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed
- NCCI Names Fick New Board Chairman, Elects Other Board Members
- J&J, Cancer Victims Ordered to Start Mediation in Bankruptcy
- Altria Agrees to $235 Million Settlement to Resolve Juul-Related Cases
- Could Wearables Capture Well-Being?
- Hyundai and Kia Thefts Keep Rising Despite Security Fix
- Antitrust Enforcers Are Chilling Big Mergers
- Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb
- Trump Liable for Sex Abuse, Must Pay $5 Million to Carroll
- U.S., Allies Dismantle 20-Year Russian Malware Spying Operation
- NCCI Symposium: Strong Profits for Workers’ Comp, but Medical Still a Concern
- Towers Watson Hits Bump in Road to $80M Insurance for D&O Claims Over Willis Merger
- Senate Committee to Vote on Bipartisan Rail Safety Bill
- People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
- Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit
- Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media
- Twitter Beats Two Lawsuits Stemming From Mass Layoffs, for Now
- Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary?
- Novidea Raises $50 Million in Series C Funding
- Register Now for the InsurTech Summit
- Ex-Uber Security Chief Gets No Prison Time for Hack Coverup
- Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits
- Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’
- AI Pioneer Says its Threat to World May Be ‘More Urgent’ Than Climate Change
- SEC Issues Largest Ever Whistleblower Award of $279M
- Warren Buffett Predicts Earnings Decline at Berkshire Units
- People Moves: ARM Names Bulin Head of Investment Consulting; Egglestone Now Resilience Global Head of Claims; Meister Promoted at Distinguished
- NFL Investigated by Two States Over Sex Bias, Harassment Claims
- AIG Records Strongest Q1 Underwriting Results in General Insurance
- Insurance Could Help Drive Gun Safety Efforts, Survey Says
- 34% of Workplace Injuries Occur in First Year on the Job: Travelers
- Ed Sheeran Didn’t Copy Marvin Gaye’s ‘Lets Get It On’, Jury Says
- Insurer Group Concerned Over FIO Climate-Related Data Collection Effort
- RIMS Conference Cut Short by Fatal Shooting in Midtown Atlanta
- Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding
- Attacks on Delivery Drivers Raise Safety Concerns Among Gig Workers
- Meta Faces Stiff Privacy Review as FTC Claims New Violations
- Judge Says No Class Action Against Peloton Over Fitness Class Availability
- Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs
- Progressive Falls Short of Goal in Q1
- People Moves: Lockton Promotes 5 Key Leaders Into Global Roles; CFC Appoints Marino as Distribution Leader, USA
- ChatGPT-Related Malware Is on the Rise, Meta Says
- American Financial Group to Acquire Crop Risk Services From AIG for $240M
- D&O Prices Plummeting: Record-Level Q1 Drop for Decade
- What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
- MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
- Here Are 5 Products Offered by Financial Services Providers to De-Risk Heat Waves
- Singer-Songwriter Ed Sheeran: Other Artists Are Cheering on Copyright Fight
- People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
- New Jersey Appeals Court Affirms War Exclusion Does Not Apply to Cyber Attack
- Markets/Coverages: WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
- Methane-Tracking Satellites Catch Polluters
- Coinbase Executives Sued for Dumping Stock, Saving $1 Billion
- Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P
- Environmental Groups Sue U.S. Over SpaceX Launch License
- Economic and Cyber Risks Lead Global D&O Concerns: Survey
- Frustration Grows Over Wait on OxyContin Maker’s Settlement
- Adidas Sued by Investors Over Broken Ye Partnership
- Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury
- Epstein Victim Suing JPMorgan Seeks Class-Action Status
- Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto
- Update: JPMorgan Buys First Republic Bank’s Assets After Government Auction
- Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
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