National News for August 2022
- Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P
- People Moves: Senior Hires at Everest Wholesale Division; Zoidis New Atain CEO; Bohac Joins SIAA; B&B Adds 5 to Analytics Team
- Commercial Auto Insurtech Fairmatic Raises $42M
- Breaking Down Inflation’s $30B Impact on Insurers Line By Line
- FTC Accuses Data Broker of Selling Sensitive Location Data
- Musk Looks to Delay Twitter Trial Following Whistleblower Claims
- Biden Administration to Declare ‘Forever Chemicals’ Hazardous Substances
- Behavioral Health Linked to Workers’ Comp Recovery: Study
- Vehicle Pedestrian Safety Systems Struggle to See in the Dark: IIHS
- Hurricane Alley Hasn’t Been This Quiet in a Quarter Century
- Travelers, Policyholder Agree to Void Current Cyber Policy
- Sept. 11 Victims Not Entitled to Seize Afghan Central Bank Assets, Says Judge
- ‘Tape or Chewing Gum:’ Twitter’s Lapses Echo Worldwide
- SEC Changes Whistle-Blower Award Rules to Boost Tipster Payouts
- Cyber Insurance Price Hike Hits Local Governments Hard
- Meta’s Facebook Agrees to Settle Cambridge Analytica Suit
- 3M Bankruptcy Tactic Fails as Combat Earplug Suits Move to Trial
- World’s Most Popular Password Manager Says It Was Hacked
- Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
- U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance
- Harvey Weinstein Is Granted Appeal of Rape, Sex-Assault Conviction
- United Educators’ President and CEO Abraham to Retire Next Year
- Report: Atmospheric Storms Could Result in $3.2B in Flood Damage by Century’s End
- Kobe Bryant’s Widow, Friend Win $31 Million in Trial Over Leaked Crash Photos
- With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022
- Amazon Keeps Growing, and So Does Its Cache of Data on You
- State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims
- Weather Whiplash: Summer Lurches From Drought to Flood
- US Pandemic-Era Inflation Mostly Driven by Demand Surge, NY Fed Study Finds
- ‘Hating ESG’: Advocates Are Looking to Replace the Label
- Man-Made Crises Threaten P/C Markets, Says Joint Report From Trade Associations
- InsurTech Founders Say Launching an MGA Means Learning to Juggle
- Twitter Misled Regulators on Hackers and Spam, Whistleblower Claims
- Small Business Satisfaction With Commercial Insurers Resurges: J.D. Power
- People Moves: Hyde to Lead Erie DEI; Hilb Names Cohen Carrier Relations Head; Trokan Westfield’s Head of Cyber; 3 Senior Hires at Magnolia Grove
- Meta Reaches $37.5 Million Settlement of Facebook Location Tracking Lawsuit
- Children’s Hospitals Harassed Over Transgender Care Programs
- 3M Awaits Bankruptcy Ruling That May Sink Litigation Tactic
- COVID Impacts Linger in Courtrooms, Often a Disadvantage for Defendants
- People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires
- Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best
- Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
- Couple’s Lawsuit Claims Black and White Bias in Home Appraisals
- Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects
- Ford Motor Hit With $1.7B Verdict for Fatal Rollover Accident: Lawyer
- Insurers Anticipate Staffing Increase Over the Next Year Despite Recruiting Difficulty: The Jacobson Group
- Laser Incidents Reported by U.S. Pilots Hit Record in 2021
- U.S. Seeks Information From Tesla on In-Car Camera in Autopilot Probe
- Allstate Executives Shuffle With Retirement of Property-Liability President
- Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
- Technology Delivering New Data Sources for Claims Investigations
- Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick
- Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan
- AGs: Lender Heaped Insurance Plans Onto Unwitting Borrowers
- Transgender Workers’ Rights Widened in Court’s Disability Ruling
- Global M&A Hits 10-Year High, Says Clyde & Co.
- Viewpoint: The Connection Between Celebrations and a Strong Culture
- First Zantac Case Dropped Before Trial After Some Payouts
- Endo Files for Bankruptcy as U.S. Opioid Litigation Drags
- U.S. Traffic Deaths Hit 20-Year-High in Early 2022
- FDA Says Faulty Philips Device Reports Accelerating as CEO Departs
- 2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?
- NAIC Passes Pet Insurance Model Act
- Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage
- Federal Reserve Issues Guidance for Banks Considering Crypto Activities
- 3M Faces $100 Billion in Losses From Veterans’ Earplug Suits, Expert Says
- P/C Underwriting Profitability to Worsen as Inflation, Hard Market Persist: Triple-I, Milliman
- Applied Systems Acquires Tarmika
- Q2 Commercial P/C Premiums Up 6.1%: CIAB
- People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
- Much of the Country to Bake Under 125-Degree Days in Coming Decades, Report Finds
- Citi Sues Revlon Over Lender Status After $900 Million Mistake
- Starbucks Seeks to Pause Union Elections at U.S. Cafes, Claims Misconduct
- Coalition to Now Offer Cyber Policies With Acquisition of Admitted Carrier
- Viewpoint: More Sweeping Cellphone Laws Reduce Crash Rates
- Lingering La Niña Weather Phenomenon Boosts Threat of More Atlantic Hurricanes
- Peloton Must Face Lawsuit Over Availability of Fitness Classes
- Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding
- Data ‘Surveillance’ Crackdown Begins With FTC Privacy Pitch
- J&J to End Global Sales of Talc-Based Baby Powder
- Another State Supreme Court Rules No Coverage for COVID-19 Shutdown
- Flexibility Is Key for Insurers Managing Inflationary Challenges
- Scientists: Climactic Hazards Aggravate Disease-Causing Pathogens
- Cisco Hit by Cyberattack From Hacker Linked to Lapsus$ Gang
- Gallagher Denied Restraining Order Against Alliant
- Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture
- Cyber Insurance Gap Growing: Survey Report
- Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus
- Chipotle to Pay $20 Million to Workers for Unpaid Sick Leave, Scheduling Violations
- NCCI Releases Q2 Economics Briefing
- FDA Says Possible Carcinogen Found in Some Merck Diabetes Drugs
- ESG’s ‘Social License’ Will Endure Even If the Letters Don’t
- Taylor Swift Says She Couldn’t Plagiarize a Song She Never Heard
- Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
- Seven Years of Sex Abuse: How Mormon Officials Let it Happen
- Lemonade Records Another Q2 Loss, Changes Pace For Profitability
- Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million
- Global Indemnity Agrees to Sell American Reliable Unit to Everett Cash Mutual
- AIG Exceeds Profit Estimates on Strong Underwriting Gains
- Independent Agents Place Majority of U.S. P&C Insurance: Big I
- People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO
- FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’
- U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash
- Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine
- Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble
- Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’
- U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
- Sills Named CapSpecialty CEO as Sennott Steps Down
- Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment
- Insurtech Pie Insurance Partners with Bold Penguin, Talage, and Tarmika
- Twitter Rejects Musk’s Claims That He Was Hoodwinked
- Equifax May Face Class-Action Suit After Credit-Score Glitch
- CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season
- Equifax Says Consumer Credit Scores Changed in Computer Error
- Net Loss of $343 Million for Liberty Mutual in Q2
- Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss
- Markets/Coverages: At-Bay Launches Misc. Pro Liability; Cover Genius Partners with Zip
- Q2 Rate Increases Hold Steady: MarketScout
- Sandy Hook Parents Seek to Stop InfoWars Bankruptcy Payments to Alex Jones
- Viewpoint: Regulatory Interest in Big Data, AI More Than a Carrier Problem
- America First Insurance Group Launches for Conservative Customers
- Inside-Outside Game: Is an Internal Offer Really Worth Less Than an External?
- People Moves: Beazley Realigns to Bolster N.A. Commercial Property; Fusion Hires M&A VP From AXA XL; Promotions at Distinguished Programs
- N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers
- U.S. Crypto Company Nomad Hit by $190 Million Theft
- Gallagher Sues Alliant Again for Alleged ‘Corporate Raid’ of Employees
- Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons
- Viewpoint: Jury Blasts Defense with a $464.5 Million Nuclear Verdict
- Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins
- Sandy Hook Families Cast Wary Eye on New Infowars Bankruptcy
- Hartford, CNA Post Drops in Q2 Net Income
- Congress Wants Answers on a ‘Significant’ Cyberattack on Courts
- Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
- Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules
- FDIC Urges Banks to Police Misleading Crypto Claims on Deposit Insurance
- Elon Musk Files Countersuit Under Seal Versus Twitter Over $44 Billion Deal
- Lemonade Lays Off Some Metromile Employees Immediately
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