National News for February 2025
- Resilience: Third-Party Risk Involved in 31% of Cyber Claims
- People Moves: Faynberg to Head Chubb’s Healthy Paws; D’Onofrio Promoted to Global CUO of Ryan Specialty Underwriting Managers
- Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming
- US GDP Could Take a Big Hit From Climate Change by 2100, Study Shows
- ZestyAI: More Than $2 Trillion in US Homes at High Risk of Wildfires
- CFPB Drops Lawsuits Against Capital One, Rocket Unit
- AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
- US Soldier Linked to AT&T Hack Accused of Contacting Spy Agency
- Insurtech Root Finishes 2024 With First Yearly Profit
- Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch
- US Will Spend Up to $1 Billion to Combat Bird Flu, USDA Says
- Supreme Court Signals Backing for Straight Woman’s Bias Suit
- Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M
- Bank of America Scraps Diversity Goals in Latest Wall Street DEI Retreat
- S&P Puts State Farm General on CreditWatch
- Claims Service, Tech, Communication Top Independent Agent Concerns
- Trump’s Threat to EV Trucking Rules Undermines Big-Rig Bets
- Meta Must Face Lawsuit Claiming it Prefers Cheaper Foreign Workers
- Apple to Keep DEI Efforts, Though Some Adjustments Possible
- People Moves: Allianz Commercial Appoints Contreras Portfolio Solutions Leader; Risk Strategies Names Simon Managing Director, Private Equity
- FDA, CDC Investigating Multi-State Listeria Outbreak
- Google’s AI Previews Erode the Internet, Educational Tech Company Says in Lawsuit
- Business Continuity Plans Lacking Among SMBs: Nationwide Survey
- FTC Chair Pledges to Keep Aggressive Merger Enforcement
- US SEC Plans to Cut Regional Directors as Agency Preps for DOGE Scrutiny: Sources
- Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains
- NHTSA Laid Off 4% of Staff, Spokesperson Says
- SEC Closes Investigation Into Robinhood’s Crypto Arm Without Action
- EEOC Seeks to Drop Transgender Discrimination Cases
- Berkshire Hathaway Removes Diversity and Inclusion From Annual Report
- Buffett’s Berkshire Posts Record Profit on Insurance, Investments
- SEC to Drop Lawsuit Against Coinbase, Firm Says
- People Moves: Alliant Hires Leadley, Pelletiere and Rhatigano as Commercial Surety VPs
- AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss
- Tesla Recalls 380,000 Vehicles Over Power Steering Assist Issue
- Intel Resolves Antisemitism Lawsuit, Case Is Dismissed
- Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk
- Supreme Court Tackles Straight Woman’s ‘Reverse’ Discrimination Case
- CIAB: Commercial Premiums Rise 5.4% Overall in Q4 2024
- EPA Submits to Congress Approved EV Plan Adopted by 11 States
- Vanguard Pauses Corporate Meetings Over New ESG Guidance
- EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
- A Run of Fatal Airline Crashes Upends Sterling Safety Record
- Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
- Trump’s SEC Leader Shifts Power From Investors to Boardrooms
- Federal Mortgage Insurer to Lay Off About Half Its Workforce
- Markets/Coverages: Cyber Portfolio Quoting for US Brokers From CFC; New DUAL Fine Art Coverage Capacity; Falcon Risk’s Pro Liability for Agents, Brokers
- AI ‘Hallucinations’ in Court Papers Spell Trouble for Lawyers
- Viewpoint: Are Carriers and MGAs Leaving Revenue on the Table?
- How to Operate in Today’s ‘Bananas’ Casualty Insurance World
- People Moves: Hub International’s Murphy to Lead N.A. Casualty Practice
- Crypto Industry Seeks to Cement Political Influence, Mainstream Acceptance
- Trump’s Hiring Freeze Throws Wildfire Fighters Into Disarray
- J&J Begins Crucial Battle Over $10 Billion Baby Powder Settlement
- SEC Eases Path for Companies to Nix Shareholder Proposals
- Viewpoint: Insurers Risk Losing Out if They Ignore Embedded Insurance Opportunities
- Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign
- Renewal Rates Up YOY for All Commercial Lines Except Workers Comp: Ivans
- Bird Flu Signs Found in Three Veterinarians Suggest Wider US Spread
- Coca-Cola, PepsiCo Planning to Comply With Trump’s DEI Policy
- Which Companies Are Pulling Back on Diversity Initiatives?
- Trump Hostility to US Offshore Wind Reverberates Through Supply Chain
- Viewpoint: The Recipe for Building a Successful MGA
- Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo
- AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom
- Ford’s CEO to Warn Lawmakers of ‘Devastating’ Tariff Impact
- Update: FEMA to Borrow $2B to Pay Flood Claims After Hurricanes Helene and Milton
- Bayer Broadens Effort to Shield Itself From Claims Weedkiller Caused Cancer
- People Moves: AIG’s Furth to Hiscox to Head US Claims; Hamlin to Lead TMHCC US Hospital Pro Liability; Amwins Names Healthcare Practice Leader
- Viewpoint: Illegal vs Legal DEI
- Thomson Reuters Wins AI Copyright ‘Fair Use’ Ruling
- US SEC Will Not Defend Climate Rule in Court
- AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes
- California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims
- Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts
- Fed’s Powell: Strong Economy Means No Hurry to Cut Rates
- Booz Allen Scraps DEI Programs in Reaction to Trump Orders
- UBS Whistleblower Verdict Thrown Out Despite Supreme Court Win
- CFPB Disarray Puts Future Fintech, Bank Oversight Into Question
- Consumer Finance Watchdog Chief Tells all Staff to Cease Work
- Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn
- Q4 2024 Income at CNA Drops on Pension Settlement Loss
- Bringing Positive Vibes Back to Personal Lines Insurance
- US Companies Say ESG Rules Are a Serious Barrier to EU Trade
- SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff
- Viewpoint: Early Executive Actions by Trump Portend a Major Contraction at OSHA
- Third-Party Attack Vectors Responsible for 59% of Insurance Breaches
- Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow
- Advisory Firm ISS Urges Apple Investors to Vote Against Scrapping Diversity Policies
- People Moves: Hiscox Appoints Baldwin US Media Practice Leader; Willis Names Kyriacou Head of Contingent Risk Solutions
- Climate Risks Again Top List of Risk Manager Worries
- OpenAI’s Stargate AI Venture Is Scouting for US Data Center Sites
- AI Safety Institute Director Leaves Role
- Google Scraps Diversity-Based Hiring Targets
- Farmers Ruined by PFAS Face Key Moment in Fight Against Pentagon
- Slower Growth but Surplus Lines Premiums Still Up 12% in 2024
- 13 US P/C Companies Impaired in 2023: AM Best
- Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses
- Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
- Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane
- Markel Reorgs Professional Liability Products
- Viewpoint: Cyber Risk and AI – The Changing Landscape
- People Moves: AXA XL Hires Bakker for Environmental Post; Tokio Marine HCC Appoints Gaine Head of N.A. Distribution
- US Congress to Form Cryptocurrency Working Group
- ‘It’s Surreal’: Trump’s Freeze on Climate Money Sows Fear and Confusion
- Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024
- WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%
- Bessent to Be Acting CFPB Head, Pauses Rules and Litigation
- Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge
- Securities Class Actions Increase Again in 2024; AI-Related Filings Double
- AI, Cybercrime Perceived as Top Insurance Risks: Kennedys
- LinkedIn Lawsuit Over Use of Customer Data for AI Models Is Dismissed
- The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves
- Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs
- SEC’s Republican-Led Commission Tightens Oversight of Probes, Sources Say
- North American Companies Brace for Fallout From Tariffs
- Trump Fires Biden’s Consumer Protection Watchdog Rohit Chopra
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