National News for May 2024
- Tesla to Recall 125,227 Vehicles Over Faulty Seat Belt Warning System
- Nationwide Pet Shedding 100,000 Policies
- American National Exiting Homeowners Insurance Market
- Nationwide’s Kandhari Talks Building a Bionic Workforce With AI
- US P/C Insurers Hit Record Investment Income in 2023
- AIG Drops Claims Against Former Execs Who Started Dellwood Insurance
- FBI Takes Down Huge Global Army of Zombie Computer Devices
- Supreme Court Backs NRA in First Amendment Claim Against New York Regulator
- Nissan Warns Owners of Older Vehicles Due to Risk of Exploding Air Bag Inflators
- Property-Catastrophe Reinsurance Rates Drop by 5% at June Renewals: Howden Re
- 32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows
- Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns
- How AI Can Reshape Claims Management
- White House to Support New US Nuclear Power Plants
- Nicotine-Like Chemicals in US Vapes May Be More Potent Than Nicotine, FDA Says
- Restaurant Workers’ Battle for Higher Minimum Wage Goes National
- Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
- People Moves: Ryan Hired to Head Hyperexponential US P/C; Carnes Named Nationwide’s Chief Pet Officer
- Hacking Group Claims It Stole Client Data From Christie’s
- Bayer Fights for Survival as Roundup Lawsuits Burn Cash
- Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed
- Citigroup Asks 600 US Staffers to Return to Office Full-Time
- Yellen Embraces Carbon Market Potential With Integrity Push
- Live Nation Ticket Buyers Sue in Wake of US Justice Department Case
- US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent
- Safety Probe Into Waymo Self-Driving Vehicles Finds More Incidents
- Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market
- A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
- Bayer Plans Renewed Push for Legal Shield Against Cancer-Related Lawsuits
- People Moves: World Insurance Names Woosley Head of National Practice Groups; Former Ascot Re CEO Berger Joins Coaction Board
- Zantac Not a Cause of Woman’s Cancer, Jury Says in First Trial Over Drug
- Boeing Faces ‘Long Road’ on Safety Issues, FAA Says
- Are You a Top Account Manager/CSR? Submit a Nomination Today
- NOAA Chimes in With Prediction of Above-Average Atlantic Hurricane Season
- US Sues to Break Up Live Nation-Ticketmaster
- Biden Overtime Pay Rule Challenged by US Business Groups
- US Home Insurers Post Net Combined Ratio Over 110: S&P
- SEC Fines NYSE Parent Intercontinental Exchange $10M Over Cyber Incident
- People Moves: TMPAA Names Abbey New Executive Director; AIG Appoints Browne Global Head of Specialty
- Ex-Citi Banker Says She Was Fired for Refusing to Give False Data to Regulator
- EPA Says Water Utilities Need to Do More to Stop More Frequent Cyberattacks
- New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance
- US Government Urges Federal Contractors to Strengthen Encryption
- TransUnion: Auto Insurance Shopping Hit 5-Year High in Q1 2024
- Gallagher Updates Regulation for Artificial Intelligence
- US Regulator to Issue Carbon-Credits Rulebook Within Months
- S&P: 2023 Marked Stall of Rapid Growth in US Cyber Insurance
- BASF to Pay $316 million to Settle PFAS ‘Forever Chemicals’ Lawsuit
- Auto Insurers’ Digital Channels ‘Remarkably Resilient’, Finds J.D. Power Study
- Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market
- Triple-I and NICB Partner to Help Consumers Fight Contractor Fraud
- Cyberattacks Over Work Email Most Used; Ransomware Hits Victims Hard: Arctic Wolf
- GSK Faces Whistleblower Suit From Lab That Found Zantac Risk
- US to Deploy More Than $50 Million to Shield Private Hospitals From Cyberattacks
- AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
- CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
- Former Executive Alleges Gender Bias, Retaliatory Firing by NEXT Insurance
- GM, LG Agree on $150M Relief for Chevy Bolt EV Owners Over Faulty Batteries
- Despite Consumer Watchdog’s Supreme Court Win, CFPB Powers on Chopping Block
- Coast Guard Studying if Other Bridges at Risk After Baltimore Collapse
- Staffing Shortages, Reduced Safety Training Fuel Risks for Company Drivers
- Fitch Ratings: US Cyber Premium Growth Slows in 2023
- SEC Updates Customer Data Hacking Rules for Wall Street
- People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader
- Auto Insurance Shopping ‘Hot,’ Consumers Switching ‘Sizzling’: LexisNexis
- Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
- Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says
- Ransomware Frequency Up 64% on Remote Access Tools, Says At-Bay
- Fed’s Powell Downplays Potential for a Rate Hike Despite Higher Price Pressures
- Patents for Sale? State Farm Reveals Website of Inventions
- Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P
- People Moves: Front Street Re Appoints Fong as CEO; Carmichael Beazley’s New Head of US Cyber
- St. John’s Names Lloyd’s Exec Watkins to Head Greenberg Risk Management School
- US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
- Buffett’s Berkshire Reveals $6.7 Billion Stake in Insurer Chubb
- FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes
- Markets/Coverages: CFC Partners With Online Quoting Platform Tarmika
- Insurance Research Council: Home Insurance Spend Tops Household Income Growth
- US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency
- Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer
- 18 States Sue Over EEOC’s Policy on Transgender Workers
- Alphabet’s Waymo Probed by US After Autonomous Car Incidents
- Hospital Operator Ascension ‘Making Progress’ to Restore Systems After Cyberattack
- Sica Fletcher: Broker M&A Down Slightly in Q1 as Some Buyers Take ‘Strategic Pause’
- Tesla Settles Factory Worker’s Sexual Harassment Lawsuit
- FTC Noncompete Agreement Ban May Not Survive Courts But Some States Could Adopt
- US to Provide Nearly $200M to Contain Bird Flu Spread on Dairy Farms
- AM Best: Social Inflation Key Factor in Rise of Loss Severity
- Insurer Bowhead Specialty Seeks About $491M Valuation in IPO
- Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp
- Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say
- Supreme Court Rules Against Warner Music in Copyright Damages Case
- Hackers Behind MGM Attack Targeting Financial Sector in New Campaign
- White House to Push Cybersecurity Standards on Hospitals
- China Construction Bank Sued in US Over Reinsurance Fraud Losses
- Markets/Coverages: FloodFlash Launches New Parametric Auto Dealer Program
- Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss
- Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report
- Personal Auto Insurers Have Edge on Innovation: AM Best
- What Risks Do Advanced AI Models Pose in the Wrong Hands?
- Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted
- Progressive Set to ‘Maximize’ Growth, Building on Q1
- Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
- Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit
- Reserve Strengthening for Casualty Lines Not Over: Moody’s
- US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules
- Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse
- Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
- Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits
- In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud
- Worsening Weather Igniting $25 Billion Weather Derivatives Market
- Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B
- TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban
- US Probe Finds Widespread Sexual Misconduct at FDIC
- Viewpoint: The 10 Major Risks Shaping Insurance Today
- US Indicts Leader of Prolific LockBit Ransomware Gang
- Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board
- NHTSA Seeks Answers From Tesla in Autopilot Recall Probe
- People Moves: Everest Names US Regional Execs to North America Insurance Leadership
- CDC Asks States to Make Worker Protective Gear Available to Combat Bird Flu
- The Top 15 U.S. Metros with High Exposure to Wildfire Risk
- Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
- Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims
- SEC Warns Robinhood That Its Crypto Business Faces Lawsuit
- Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
- Berkshire’s Jain on Cyber: ‘The Mindset Should Be You’re Not Making Money’
- GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told
- Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers
- Appeals Court Rejects Climate Change Suit by Young Oregon Activists
- Extreme Weather Is Driving More US Power Outages, Studies Show
- Binance Crypto Founder Zhao Sentenced to Four Months in Prison
- Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks
- Class Action Settlements Flooded With Fraudulent Claims by Scammers
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance
- An Origin Story: The History of the Professional Liability Underwriting Society
- UnitedHealth Hack Put Data of One in Three Americans at Risk
- Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
- Markets/Coverages: Resilience Announces New Cyber Loss Prevention Tools; Amwins Forms New Transportation Entity; Aon Launches Suite of Risk Analyzer Tools
- Verisk’s First-Quarter Profit Beats on Insurance-Focused Analytics Demand
- Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance
- Geopolitical Risks: Why Underwriters Are Watching Aggregations
- Allstate Tops Profit Estimates on Higher Premiums, Investment Returns
- AIG Profit Exceeds Expectations on Lower Catastrophe Losses
- Prudential to Wind Down Direct-to-Consumer Assurance Business
- Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
- Growing Wildfire Risk Leaves States Grappling With How to Keep Insurers From Fleeing
- J&J Advances $6.48 Billion Settlement of Talc Cancer Lawsuits
- The Future Is Near for Self-Driving Trucks on US Roads
- Newspapers Sue OpenAI for Copyright Infringement Over AI Training
- ‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk
National News Archives
