National News for January 2024
- Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy
- US Disabled Chinese Hacking Network Targeting Critical Infrastructure, Sources Say
- SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania
- Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson
- Global Ransomware Attacks Reach Record High in 2023, Says Corvus
- Viewpoint: How Corporate Help Desks Became the Weak Spot in Cyber Defenses
- Record Q4 at Chubb Ends Historic, ‘Blowout Year’
- Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem
- Microsoft Warns Other Firms of Russian-Sponsored Group in Email Hacking
- Agency M&A Down 24% in 2023 but More Large Deals May Be Seen in 2024: OPTIS
- NCCI: Wage Growth Likely to Continue Workers Comp Payroll Growth
- Philips’ US Sales of Sleep Apnea Devices Face Years-Long Halt After FDA Deal
- Trader Joe’s Follows SpaceX in Arguing US Labor Board Is Unconstitutional
- Reforms to US Disaster Aid Expose Growing Home Insurance Gap
- Last Chance: Take This Year’s Agency Salary Survey
- White House AI Council Meets as Legislative Action Stalls
- Markets/Coverages: New WTW Cyber Solution for SMEs With Revenue Under $50M
- North Korean-Linked Hackers Are Targeting Crypto Platforms More But Stealing Less
- HP Enterprise Discloses Hack by Suspected State-Backed Russian Hackers
- Bayer Jury’s $2.2 Billion Roundup Verdict Is Biggest Yet
- Agency Salary Survey: Find Out Compensation Trends in This Year’s Report
- Ring Will No Longer Allow Police to Request Users’ Doorbell Camera Footage
- GM’s Cruise Owns Up to Robotaxi Mess in Hopes of Returning to Roads
- People Moves: Reinert, Murray to Anchor Everest’s Dedicated Private Equity Practice; Krupczak to Lead US Energy Property at Liberty Mutual
- NCCI President and CEO Donnell to Retire Early Next Year
- Fate of Most Remaining Zantac Lawsuits Weighed by Delaware Judge
- Study: Manmade Warming Increasing Drought in Western U.S.
- Google Settles AI-Related Chip Patent Lawsuit That Sought $1.67B
- Ford Recalls 2.24M Ford Explorer SUVs Over Trim-Retention Clips
- Specialty Market ‘Particularly Attractive’; Reason to Pause Elsewhere: Berkley CEO
- Brown, Yale, Columbia Among Latest to Settle Financial-Aid Lawsuit
- People Moves: Coalition Nabs AIG’s Jones as Head of Global Claims
- Fox Can Challenge Smartmatic’s $2.7 Billion Defamation Claim Over 2020 Election
- Wall Street Stock-Lending Platform Crashes in Ransomware Attack
- Record Underwriting Income Highlights W.R. Berkley Q4 Results
- People Moves: Konchar, Mulcahy Named Regional VPs at Donegal; Ross Elected President The Insurance Library
- Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023
- SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle
- Markets/Coverages: MGA Sands Point Risk Launches With Transaction Liability Practice
- US Insurers Optimistic, Open to Take More Investment Risk in 2024: Conning
- Compared to Prior Quarter, All Commercial Lines Saw Renewal Rate Up in Q4: Ivans
- Natural Disaster Protection Gap Returned to ‘Average Levels’ in 2023
- SEC Blames ‘SIM Swapping’ for its X Account Hack
- J&J Agrees to Resolve Talc Investigations in 42 States
- Markets/Coverages: CFC Launches Embedded Transaction Liability Insurance Product
- US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker
- Brown & Brown’s Q4 Profit Jumps on Robust Growth in Fee, Investment Income
- Southwest Wins Appeal in Cyber Excess Coverage Dispute With Liberty
- Vans, Dickies Owner VF Corp: Data of 35.5M Consumers Stolen in Recent Cyberattack
- J&J Sets Up 3rd Talc Bankruptcy Bid by Moving Unit to Texas
- FAA Steps Up Scrutiny of Boeing With Calls for Checks on Another 737 Model
- Markets/Coverages: Liberty Mutual Launches New Management Liability Package
- Microsoft Says Russia-Linked Group Hacked Employee Emails
- USGS: Nearly 75% of US Could Experience A Damaging Earthquake
- New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery
- Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk
- GM Financial Rebranding OnStar Insurance as General Motors Insurance
- Travelers’ Q4 Net Income Skyrockets as Personal Lines Reverses Underwriting Loss
- Allstate Q4 2023 Reserve Charge Near $200M
- People Moves: Zurich N.A. Names Chai CRO; World Insurance Associates Names Peterson Chief Growth Officer
- Markets/Coverages: Hub International Starts Property Practice
- Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24
- Mother of Child Who Died in TikTok ‘Blackout Challenge’ Asks Court to Revive Lawsuit
- 10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023
- Fishing Fee Case May Lead Supreme Court to Limit US Agency Powers
- Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re
- People Moves: Zimmer to Take Alliant CEO Reins From Corbett; WTW Names Forms Client Growth Team; Xceedance Hires Flynn for Personal Lines
- Viewpoint: The Time to Modernize Building Codes, Protect Communities Is Now
- Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey
- Freelancers File First Lawsuit Challenging Independent Contractor Rule
- Bill Introduced to Keep CFPB Out of State Insurance Regulation
- People Moves: Guy Carpenter Names Wolfe Chief Commercial Officer, N. A.; Verisk Forms Claims Advisory Board; Chamberlain to Lead DUAL Specialty Healthcare
- Cyber Threats Top Global Business Risk Concern for 2024: Allianz
- Insurtech Foxquilt Announces Capacity Partnership With Markel
- As DEI Comes Under Legal Attack, Companies Alter Their Programs
- Survey: Carrier Connectivity Top of Mind for Agents
- OSHA Announces Penalty Increases for 2024
- Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI
- Boeing Sued by Alaska Air Passengers Over 737 Max 9 Door Blowout
- Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks
- Lawmakers Urge SEC to Fix Cybersecurity After X Account Hack
- US House Votes to Repeal Labor Board Rule on Contract, Franchise Workers
- SEC Had a Fraught Cyber Record Long Before X Account Was Hacked
- Bottled Water Contains More Plastic Particles Than Previously Thought
- FAA Launches Probe of Boeing 737 MAX 9 After Mid-Air Panel Incident
- Activist Group Scorecard: Insurers Adopting Policies on Oil and Gas Slowed in 2023
- Riskonnect Acquires Ventiv Technology in Risk Management Deal
- People Moves: AXIS Appoints Tan Head of Wholesale Casualty; Fiato Named Allstate Chief Claims Officer; Schoberth to Lead Canopius US Distribution
- Auto Insurance Costs Soar by 20% in the US
- Title Insurer Fidelity National Says 1.3 Million Customers Affected by Cyberattack
- SEC Approves Bitcoin ETFs in Watershed for Crypto Market
- More P/C Carriers With Less Surplus: Aon Ward Analysis
- People Moves: WTW Names Buganski Head of Personal Lines, CRB; Cueman New AXIS Head of Construction; Wargin Joins Dyad; Markel’s Houser Picked for IICF Board
- Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
- Class Action Numbers Dip in 2023, but Settlements Still Costing Billions
- Retail Mortgage Lender loanDepot Struggles With Cyberattack
- Cummins Agrees to Record-Setting Engine Emissions Settlement
- Added Protection or Opportunity Lost? New Independent Contractor Rule Issued
- SEC Account Hack Renews Spotlight on X’s Security Concerns
- Extreme Weather and Misinformation Top Global Risks: World Economic Forum
- Loss of Alaska Airlines Cockpit Recording Rekindles Industry Safety Debate
- MarketScout: 2023 US Commercial Composite Rate Up 4.56%
- NCCI: Shifting Workplace, Costs Are Top Concerns for Workers’ Comp Execs
- New Contractor Rule to Be Unveiled Soon That Could Upend Gig Economy
- Climate Change, Nuclear Verdicts Worry Wealthy North Americans: Chubb Survey
- Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B
- Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024
- OpenAI Claims New York Times Isn’t ‘Telling the Full Story’ in Suit
- SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case
- Airlines Cleared to Inspect Grounded Boeing Jets After Mid-Air Incident
- J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe
- Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership
- Majesco Acquires Decision Research Corp. Insurance Software Business
- FEMA Adds Nearly $620M to Reinsurance Program
- Microsoft, OpenAI Hit With New Lawsuit by Authors Over AI Training
- Google Must Bargain With YouTube Worker Union, US Labor Board Rules
- Driverless Truck Companies Plan to Ditch Human Copilots in 2024
- US Supreme Court to Hear Challenge to EPA’s ‘Good Neighbor’ Air Pollution Plan
- Merck Settles Coverage Dispute With Insurers Over War Exclusion in NotPetya Attack
- OpenAI In Talks With Dozens of Publishers to License Content
- SpaceX Sues US Agency That Accused it of Firing Workers Critical of Elon Musk
- People Moves: Stirk to Join Marsh as US Chief Growth Officer; Liberty Mutual Grows Cyber Team
- EEOC Says No Need to Pause Lawsuit Against Tesla for Race Bias
- FTC Reaches Settlement With XCast Labs Over Illegal Robocalls
- Viewpoint: Scoring Cyber Insurance Predictions of 2023
- SpaceX Illegally Fired Workers Critical of Elon Musk, US Labor Agency Says
- A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
- States and Congress Wrestle With Cybersecurity at Water Utilities
- Travelers Completes Acquisition of Corvus Insurance
- P/C Insurers Responsible for Nearly 7,000 Layoffs in 2023
- People Moves: Church Mutual Promotes Ogilvie to CEO; World Insurance Associates Hires Klien as EVP; Amwins Appoints Armijo President of Amwins Underwriting
- McKinsey to Pay $78 Million to Settle Opioid Claims by Insurers
- ‘Smash-and-Grab’ Robberies Fuel New Laws, but Critics Question the Need
- Dyad Brand Launches to the P/C Insurance Market
- Sam Bankman-Fried Will Not Face a Second Trial
- After Recalls and Infections, Experts Say Safer Eyedrops Will Require New FDA Powers
- Top Insurance Journal Cyber Stories of 2023
- Top Insurance Journal EPLI Stories of 2023
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