National News for July 2021
- Bayer Books Additional $4.5 Billion for Roundup Litigation
- ‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral
- Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’
- 85% of Flight Attendants Report Incidents With Unruly Passengers
- CDC Describes Delta Variant as Highly Contagious – Report
- The Hartford Reports Q2 Net Income Up 94%; Boasts ‘Superb’ P/C Results
- Chubb CEO Greenberg Stresses Need to Address Ransomware and ‘Systemic’ Cyber Risk
- The Hanover Enhances Product Suites for Lawyers, Healthcare Facilities
- Fitch Sees No Ratings Change, ‘Modest Benefit’ for Liberty Mutual in State Auto Buy
- Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M
- Congressional Committee Asks J&J For Details on Talcum Liability Bankruptcy Plans
- P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1
- Scientists Call for Urgent Climate Change Action, Citing ‘Tipping Point’
- Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2
- States Braced for a Wave of COVID Lawsuits. It Never Arrived.
- Businesses Show They’re in No Rush to Resume Busy Travel Schedules
- Pressure on Workers to Get Vaccine Grows as Patience Runs Thin for U.S. Employers
- White House Calls Nixing of Aon-Willis Deal ‘Robust Enforcement’ of Antitrust Laws
- Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh
- States Weigh Bans on Ransomware Payoffs
- Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped
- National Alliance Announces States’ Insurance Customer Service Reps for 2021
- Purdue’s Creditors Back Bankruptcy Plan That Would Pay 3,000 Opioid Lawsuits
- Allstate Among Large Firms Linking CEO Pay to Diversity Gains
- Insurance Investor Aquiline Capital to All Employees: Take the Week Off
- U.S. AG Garland Hails Aon-Willis Merger Termination as a ‘Victory for Competition’
- Workers’ Compensation Research Study Shows No Treatment Delays Due to COVID
- Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee
- Software Firm Attacked on July 4 Mum on How It Got Decryption Key
- Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re
- Senators Still Working on Bipartisan Federal Police Reform Bill
- Manufacturers Balk at ‘Right to Repair’ Initiative by Biden Administration
- W.R. Berkley Reports Strong Q2, Crediting Rate Adequacy, Improving Economy
- People Moves: FM Global Expands Executive Team; Pie Insurance Adds 3 Executives
- U.S. Lawsuit Could Open ‘Giant Can of Worms’ in Amazon’s Fight Against Product Recalls
- Ryan Specialty Rose 9% in NYSE Initial Offering, Valued at $6.5 Billion
- Senators Add Vaccine Misinformation as Reason to Alter Tech Firms’ Liability Protection
- Hippo Enters Commercial Insurance Market With Homeowners Association Product
- Wells Media Executive Chairman Given Industry Marketing Group’s Icon Award
- Beazley Enhances ‘Virtual Care’ Coverage for Growing Telehealth and Wellness Sector
- MMC Q2 Revenue Up 20%; Marsh Up 23%
- Trading to Begin on Ryan Specialty IPO at $23.50 per Share for $1.3 Billion
- What Drug Companies Have Paid to Settle Claims Over U.S. Opioid Crisis
- States, Municipalities Have 30 Days to Weigh $26B Opioid Deal with Major Drug Firms
- Embedded As a Risk, New COVID Cycle Could Challenge Economic Recovery
- Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’
- AIG Employees to Return to Offices on Sept. 14 With Safety Measures
- Agency Partnership News Wrap-Up: SAN Group, Valley Alliance, Keystone, United Valley
- First Half Insured Losses From Natural Disasters Reach 10-Year High
- Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico
- Ford, Lyft, Argo AI Collaborate to Offer Robotaxi Service in Cities
- Casualty Proves to Be a Good Diversifier for Reinsurers: Aon
- States’ Next Targets for Opioid Settlements Include Pharmacies and Drugmakers
- As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business
- Solar Industry, Owners Warned to Take Steps to Mitigate Wildfire Risk
- Travelers’ Q2 Profit Boosted by Higher Premiums, Lower Catastrophe Losses
- Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021
- People Moves: Aon Cyber Appoints Bixby; Guy Carpenter Adds 2 from Willis Re, Zywave Names 3 Senior Leaders
- States Expected to Announce Opioid Deal With Drug Distributors, J&J: Reuters
- U.S. and Allies Accuse China of Global Cyber Espionage
- S&P Warns of Cyber Risk’s Impact on Insurers’ Credit Ratings
- Two Firms Merging to Capitalize on Embedded Insurance Demand
- Kin Insurance Sees Shark Tank SPAC Deal as Way to ‘Pour Gas on’ Expansion
- U.S. Fights Cyber Attacks by Blacklisting, Sanctioning Russian Tech Firms
- Facebook Hits Back Against Biden Team Blaming It for Vaccine Misinformation
- J&J Considers Placing Talcum Powder Liabilities Into Bankruptcy: Reuters
- In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All
- Q&A: Have Drivers Gotten Worse Since COVID?
- Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom
- Drug Overdose Deaths Hit Record 93,000 During 2020 Pandemic
- Cape Analytics Gains $44 Million in Financing
- U.S. Launches ‘Stop Ransomware’ Website; Offers Reward Up to $10M
- Biden Administration Plans More Ransom Payment Tracing in Fight Against Attacks
- U.S. Heatwave ‘Virtually Impossible’ Without Climate Change, Scientists Say
- ‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA
- Business Insurance Customers’ 3 Top Asks and 5 Top Buying Reasons
- Milliman Offering Insurers a Simplified Flood Insurance Product Developed by Swiss Re
- J&J Recalling Some Neutrogena and Aveeno Sunscreen Sprays Due to Benzene
- AIG Plans Sale of Life Business to Blackstone and in IPO
- Federal Safety Agency Sues Amazon to Hold It Responsible for Hazardous Products
- SASSI Introduces Business Owner Policies for Salons & Spas
- Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group
- Senate Democrats Seek Feedback on Draft Bill to Federally Legalize Cannabis
- ‘Stripe-Like’ Insurance Management API Lula Raises $18 Million
- Verizon, Huawei Reach Patent Infringement Settlement as Trial Underway
- Ransomware Gang REvil’s Websites Vanish; Reason Unknown
- How Zoom and ‘Quarantine 15’ Created Perfect Storm for Soft Tissue Injuries: Viewpoint
- Actor Cohen Sues Cannabis Firm for $9M Over Use of ‘Borat’ Image on Billboard
- How Transportation Could Be Safer, Cleaner and Cost Efficient by 2050
- Olympics Ban on Spectators to Cost Reinsurers Far Less Than Cancellation: Fitch
- Insurance Marketplace Policygenius in Talks to Go Public Via SPAC
- Ryan Specialty Launches Initial Public Offering with 57M Shares
- Liberty Mutual to Acquire State Auto Group
- Forecasters Raise Number of Expected Storms for Hurricane Season to 20
- Applied Underwriters Acquires Generali’s U.S. Specialty Lines Division
- Former Player Sues Baseball Hall of Fame Over Mickey Mantle’s Bat
- Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
- It’s Right to Worry About Nightmare Climate Scenarios: Viewpoint
- Trial Asks the $2 Billion Question: Does Musk Control Tesla?
- All But a Few States Now Back Purdue Pharma, Sackler Family Bankruptcy Deal
- AXA Partners, Club Med Launch Travel Insurance Program
- People Moves: FM Global Sets CEO Succession; Berkley Fire & Marine and ArgoPro Name Presidents; Next Insurance Adds M&A Chief
- P/C Agency Mergers Rise 10% in First Half of 2021: OPTIS Partners
- Sweeping Biden Executive Order Aims to Promote Competition in Multiple Industries
- Check’s in the Mail? Insureds Seek Claims Payments Options
- Biden Order Targets Occupational Licensing, Noncompetes, Worker Data Sharing
- Employers, Employees Navigate Back to Office, Work from Home Plans
- Hearing Set on Boy Scouts $850M Settlement Agreement
- Vendor Data Breach Exposed Morgan Stanley’s Corporate Client Data
- Key States Agree to Purdue Pharma’s Opioid Deal With Sacklers Paying More
- Biden Under Pressure to Counter Growing Ransomware Threat
- Tropical Storm Elsa to Head into Northeast and New England After Drenching Southeast
- How Russian Military Uses ‘Brute Force’ to Hack U.S. Government, Companies
- Trump Lawsuits Allege Social Media Firms Violate Free Speech Rights
- Does It Ever Make Sense for Firms to Pay Ransomware Criminals?
- Progressive Insurance Plans to Hire 6,400 New Employees By Year’s End
- People Moves: Smallcombe Joins Argo; Markel Hires Towse; Celent Adds Cake’s Norris; Ascot Expands Reinsurance Team
- Employers Must Contend with Shrinking Population of Working-Age People
- Judge Advances Privacy Lawsuit Against Google Voice Assistant
- Cyber Insurance Industry in Crosshairs of Ransomware Criminals
- Marilyn Monroe Is Still a Counterfeiter’s Best Friend
- Kaysea Ransomware Attack Caused ‘Minimal Damage’ to U.S. Firms, Biden Says
- Insurance Journal, Carrier Management Win Editorial Awards of Excellence
- Not All Abuse Survivors Welcome Boy Scouts $850M Bankruptcy Deal
- Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition
- Kaseya Ransomware Attack by REvil Gang Is Global in Scale
- Condo Collapse: Everyone Will Point Fingers But Florida Laws Narrow Liability
- Supreme Court Passes on Media Liability Protection Case as 2 Justices Balk
- Update: Ransomware Attack on Kaseya Affects Up to 1,500 Firms; Hackers Ask $70M
- P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles
- Boys Scouts Reaches $850M Settlement With Group of Sex Abuse Survivors
- Tesla Auto Caught Fire During Driving, Lawyer Alleges
- Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals
- The Regulatory and Legal Risks Facing Online Broker Robinhood
- Biden Calls Heat Wave a ‘Wake-Up Call’ on Climate Change, Commits to More Firefighters
- AIG Releases Its First Environmental, Social and Governance Report
- Workers More Likely to Get COVID Vaccine When Employer Encourages It
- Palomar, PURE to Offer High-Value Residential E&S Construction Program
- Zywave Continues Expansion with Purchase of IBQ Comparative Rating for Agencies
- Insurance Broker A.J. Gallagher Reports on Investigation Into 2020 Ransomware Attack
- Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re
- Lawmakers Urged to Protect Data in Cloud Like Other Personal Data
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