National News for August 2023
- Early Estimates Put Idalia’s Insured Losses at $3-9 Billion for Florida
- FDA Warns 3 Baby Formula Makers to Correct Manufacturing Process Controls
- Cleanup Begins After Hurricane Idalia Hits Gulf Coast
- FBI, European Partners Seize Major Malware Network in Blow to Global Cybercrime
- Appeals Court Nixes Its Own ‘Flawed’ Limit on Title VII Employee Discrimination Claims
- Judge Allows Age-Discrimination Lawsuit Against Elon Musk’s X to Proceed
- Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case
- Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia
- People Moves: Cover Genius Names Rudow Chief Financial Officer; Lubbers Head of US Affinity & Programs at WTW’s CRB
- Tesla Faces More Questions From Feds on Autopilot Safety
- Unusually Warm Atlantic Ocean Is Supercharging Hurricane Idalia
- Update: 3M to Pay $6 Billion to Settle Military Earplug Lawsuits
- Burger King Must Face Lawsuit Claiming its Whoppers Are Too Small
- 2023 to Test Recent Growth in Private Flood Insurance Market
- Federal Judge Set to Decertify Google Play Class Action
- Drugmaker Mallinckrodt Files for Second Bankruptcy in the US
- Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges
- Nominations Open for ‘Best Agency to Work For’ Awards. Deadline Soon.
- Cyber Startup Wiz Is Weighing Potential Bid for SentinelOne
- US Workers Exposed to Extreme Heat Have No Consistent Protection
- Billion-Dollar Satellite Risks Upending Space Insurance
- Yale Settles Lawsuit Alleging Discrimination Against Students With Mental Health Issues
- 3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs
- NHTSA Proposing New Rules to Encourage Seat Belt Use by All Vehicle Passengers
- US Corn Harvest Is in Trouble
- People Moves: Hunter Leads New Axis Inland Marine Unit; Patel Joins Socotra as Chief Product and Technology Officer
- Business Lobby Struggles to Thwart SEC Cybersecurity Disclosure Rules
- Tesla Investors to Get About $12,000 Apiece in Musk’s SEC Deal
- Tornado Cash Founders Charged by US in Money Laundering Scheme
- US Sues SpaceX, Alleges Hiring Discrimination Against Asylum Seekers, Refugees
- Conservative Attacks on Diversity Efforts in Corporate America Keep Coming
- Weather Extremes May Force More Farmers, Ranchers to Consider Costly Irrigation
- Judge Rejects Newsmax Bid to Narrow Smartmatic Lawsuit Over 2020 US Election
- People Moves: Hamann Named President of Hanover Small Commercial; Chilson Becomes Argo Surety President; Ryan Specialty Hires Conklin for Chief HRO
- McDonald’s, CEO Must Face Ex-Security Executive’s Race Bias Claims
- Mallinckrodt Second Bankruptcy Would Cut $1 Billion From Opioid Settlement
- Dollar Tree Inc. Agrees to Improve Safety and Pay $1.35M in Fines: OSHA
- IBM Sells Weather Business to Private Equity Firm Francisco Partners
- QBE North America CEO Leaving; Wood Named Interim
- Tile, Amazon Face Lawsuit From Stalking Victims Over Tracking Device Product
- Small Businesses Give Record-High Ratings to Commercial Insurers: JD Power
- Lawsuit Says Gannett Discriminates Against White Workers to Meet Diversity Goals
- Deepfake Imposter Scams Are Driving a New Wave of Fraud
- Activist Behind Affirmative Action Cases Sues Major Law Firms
- FAA Holding Runway Safety Meetings After Close Call Incidents
- Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says
- NHTSA Probes 2022 Ford Mach-E EV Recall
- Cybersecurity Firm SentinelOne Explores Sale
- Rail Whistleblowers Fired for Voicing Safety Concerns
- Tesla Data Breach Blamed on ‘Insider Wrongdoing’ Impacted 75,000
- People Moves: Drogin Cyber Leader at Mosaic; Loney to Lead Specialty Casualty at DUAL North America
- NAIC to Ask for Data to Better Understand Property-Market Availability, Affordability
- US Insurance Giant Marsh Set for $448 Million Honan Deal
- Private Flood Insurers See Opportunity as NFIP Increases Rates
- National Drunk Driving Fatalities Surge in 2021
- Maui Fire Lays Bare Utility Missteps Mirrored Across the Country
- Warren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity
- Bosses Dislike Work-From-Home But Suspect They’re Stuck With It
- Allstate Starts Q3 With $313M in Catastrophe Losses in July
- Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch
- Ex-Trump Administration Officials Target Corporate Diversity Efforts
- Survey Finds Homeowners Are Putting Off Repairs, Reducing Homeowners Coverage
- Fitch Downgrades Kemper’s Trinity Universal P/C Subsidiary
- Markets/Coverages: Cover Whale, CoverWallet Partner on Trucking Insurance
- Allstate Agrees to Settle With Shareholders for $90 Million
- Social Media Investigations Are a Winning Strategy for Insurers
- More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance
- Legal, Ethical Questions on Autopilot Endure as Criminal Case Against Tesla Driver Ends
- Umpire Hernandez Loses Again in Lawsuit Versus MLB
- FedEx Faces Safety Issues as Driver Accidents, Insurance Costs Rise
- InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
- Insurers Fume at Proposal That May Crimp Private Investments
- Drugmaker Mallinckrodt Moves Toward Second Bankruptcy Filing
- US Congressman Says Chinese Spies Hacked His Emails
- Harford Mutual Completes Merger With Workers’ Compensation Writer ClearPath
- ChatGPT-Wary Universities Scramble to Prepare for New School Year
- What Sparks US Wildfires: Power Lines, Burning Trash and Lightning
- Clorox Takes Down Some IT Systems After ‘Unauthorized Activity’
- Increased Vehicle Sales, Search for Lower Rates Boost Auto Insurance Shopping
- Fintech Vesttoo Seeks Chapter 11 Bankruptcy Protection
- Don’t Expect Quick Fixes in ‘Red-Teaming’ of AI Models; Security Was an Afterthought
- Montana Youth Climate Activists Get Historic Win in State Case
- Maui Fire Is Deadliest in US in 105 Years, With 93 Killed
- Nikola Recalls All Battery-Electric Trucks, Halts Sales After Fire Probe
- Microsoft’s Role in Email Breach to Be Part of Cyber Inquiry
- Conservative Starbucks Investor Loses Diversity Challenge
- NAIC Weighs Overriding Credit-Rating Companies
- Rising Flood Risks Threaten Many Water and Sewage Treatment Plants
- ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
- Supreme Court Halts Purdue Pharma Bankruptcy Settlement Pending Review
- Tutoring Firm Settles EEOC’s First Bias Lawsuit Involving AI Software
- NOAA Increases Prediction for Atlantic Hurricane Season to “Above-Normal”
- Global Insurance M&A Drops Sharply in First Half 2023
- Political Violence in Polarized US at Its Worst Since 1970s
- Jamie Dimon, JPMorgan Board Defeat Shareholders’ Jeffrey Epstein Lawsuit
- Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
- Calling All Employees: Help Make Your Agency a ‘Best Place to Work’ – Nominate Today!
- People Moves: DUAL North America Named Gosselink EVP Fine Art; Hennessy Now CEO McGill Global Risk Solutions
- Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
- Tainted Medication Fears Spur Defense Department to Seek Outside Testing
- White House Holds First-Ever Summit on Ransomware Crisis Plaguing Public Schools
- Kellogg’s ‘Woke’ Workplace Diversity Programs Are Illegal, Group Claims
- Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion
- Biden’s Carbon Proposal is Unworkable, Power Sector Warns
- Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted
- Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re
- Finance Firms’ Return-to-Office Crackdown Could Backfire: Deloitte
- Business Owners Seek Increased Insurance Protection Amid Mounting Risks: Gallagher
- Attacks at Medical Centers Show Why Health Care Is One of the Most Violent Fields
- Google Fails to End $5B Consumer Privacy Lawsuit
- Kemper Exits Preferred Home and Auto Business Immediately
- Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
- MOVEit Cyber Hack Spawned Around 600 Breaches but Isn’t Done Yet
- US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
- Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
- Trucking Firm Yellow Files for Bankruptcy, Blasts Teamsters
- More Big Corporate Settlements Coming, Says Departing Justice Dept Official
- Banking Industry Starts to Pick Its Battles Against New Capital Rules
- Hospitals, Clinics in Several States Begin Recovery After Cyberattacks
- Berkshire Operating Earnings Jump on Insurance Strength
- Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round
- Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss
- Judge Allows Key Antitrust Google Search Claims to Go to Trial
- Purdue Asks Supreme Court Not to Block Opioid Settlement During Appeal
- Markets/Coverages: NIP Expands GrowPro Program to Include Agricultural Property
- Amazon Again Cited by Regulators Over Worker Safety
- Microsoft Says Russia-Linked Hackers Behind Dozens of Teams Phishing Attacks
- WCRI: Inflation Not a Big Deal for Workers’ Comp, Yet
- Forecasters Stress Uncertainty in Latest Hurricane Forecast
- Teva Agrees to Pay $126M to US Hospitals Over Opioids
- Report: 244M in U.S. Felt at Least One July Day with Temps Likely Due to Climate Change
- Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
- Hyundai, Kia Recall 91,000 Vehicles Over Fire Risks, Urge Owners to Park Outside
- GM Recalls Nearly 900 Vehicles With Takata Air Bag Inflators
- Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model
- People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO
- Report: Auto Insurance Premiums Rise 17% in H1 of 2023
- J&J Talc Cancer Plaintiffs Want 6-Month Ban on Further Bankruptcy Filings
- Marsh McLennan Agency Acquires Graham Company
- Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricier
- GAO Urges Changes to NFIP as Study Highlights Potential $27B Shortfall
- Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers
- X, Musk Seek Dismissal of Lawsuit Over Ex-Twitter Workers’ Severance Pay
- Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B
- AIG General Insurance Sees Strong Q2 Growth, Margin Improvement
- PCF Insurance Services Secures $400M Financing as Part of New Loan
- NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue
- Musk’s X Sues Nonprofit That Fights Hate-Speech
- Yellen Says Extreme Weather Exposes Gaps in Insurance Protection
- Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
- Industry Trades Rail Against Federal Climate Disclosure Bill
- Companies Caught in Diversity Crossfire Are Frozen by Uncertainty
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