National News for April 2024
- Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
- Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer
- Investors Are Increasingly Interested in a Novel Type of Weather Insurance
- People Moves: WTW Appoints deLaricheliere to FIPS Leadership Role; Risk Strategies Names Heron National Real Estate Practice Leader
- Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles
- US to Require New Cars to Have Emergency Braking Systems by 2029
- Williams-Sonoma Must Pay Nearly $3.2M for Violating ‘Made in USA’ Order
- Hartford Q1 Income Up 41% on Commercial Lines as Auto Results Improve
- Supreme Court Won’t Hear Elon Musk Dispute Over SEC Settlement
- Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity
- Tests Show Pasteurized Milk Safe as Bird Flu Spreads
- 30% of Business Leaders Say Global Political Risk Is Their Biggest Threat
- US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns
- Ban on Worker Noncompetes Faces Uphill Legal Battle
- Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
- US Revives Net Neutrality to Establish Authority Over Internet
- Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks
- Price or Safety? Priorities Change for Small Businesses After a Workers Comp Claim
- Aon Completes $13B Acquisition of Middle-Market Broker NFP
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division
- McKinsey Faces US Criminal Probe Over Opioids Work, Sources Say
- Viewpoint: Insurers Face Added Role in Curbing Workplace Violence With California Law
- GM Ends OnStar Driver Safety Program After Privacy Complaints
- Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M
- Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
- Chamber of Commerce Sues to Block FTC’s Non-Compete Ban
- Jury Weighing Military Contractor’s Claim of Immunity for Abu Ghraib Abuse
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance
- UnitedHealth Says Hackers Possibly Stole Large Number of Americans’ Data
- Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting
- What to Know About New Rights for Pregnant Workers
- Risk Perception Drops After Hurricanes: Study
- OPTIS: Insurance Agency M&A Down 18% in Q1 2024
- W.R. Berkley Reports 50.4% Increase in Q1 Net Income
- Sanofi to Pay $100 Million to Settle Zantac Cancer Lawsuits
- Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help
- Chubb to Acquire MGA Healthy Paws From Aon
- FTX Investors Settle With Bankman-Fried to Pursue Promoters
- Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace
- AIG General Insurance Chairman McElroy to Retire May 1
- Progressive Gains as Drivers Shop Around for Auto Insurance—Again
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- What Is Volt Typhoon, the Hacking Group the FBI Warns Could Deal a ‘Devastating Blow’?
- People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
- Tesla to Recall 3,878 Cybertrucks Over Faulty Accelerator Pedal, NHTSA Says
- Gun Makers Urge Supreme Court to Hear Appeal in Mexico’s Lawsuit
- FBI Says Chinese Hackers Preparing to Attack US Infrastructure
- Allstate Reports $731M in Q1 Pretax Catastrophe Losses
- Time-Tested Loss Reserving Methods Challenged: AM Best
- Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
- Marsh McLennan Reports Better Than Expected First Quarter Profit
- People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman
- United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding
- Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
- Coal Miners Getting New Protections Against Black Lung Disease
- Wildfires Are Upending Some of the Safest Bets on Wall Street
- Supreme Court Makes It Easier to Sue for Job Discrimination
- Travelers CEO on Q1 Results: ‘We’re Firing On All Cylinders’ With Net Income Up 16%
- People Moves: Berkshire Hathaway Expands U.S. Marine Business With Wyatt, Frick
- Boeing’s Safety Record Under Scrutiny in Split-Screen Hearings
- Triple-I: Insurance Economic Drivers Outperform Overall US GDP
- MGM Resorts Sues FTC to Stop Investigation of Casino Hack
- Freight Railroads Ask Courts to Throw Out Rule Requiring Two-Person Crews on Trains
- Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’
- Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
- Small Businesses See Stable Business Climate; Cite Cybersecurity as Top Threat
- Zuckerberg Avoids Personal Liability in Meta Addiction Suits
- UnitedHealth Expects Up to $1.6 Billion Hit from Change Healthcare Hack
- NFL Has 8 New Impact Mitigating Helmets for Quarterbacks and Linemen
- Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud
- FBI Opens Criminal Probe Into Deadly Baltimore Bridge Collapse
- Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption
- JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback
- Uber Boosts Safety Features Aimed at Women Passengers
- Insurer Bowhead Specialty’s IPO Filing Shows Profit More Than Doubled in 2023
- Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers
- Cargo Owners in Baltimore Disaster Face ‘General Average’ Loss Sharing, MSC Says
- USAA to Lay Off 220 Employees
- Travelers Survey: Distracted Drivers Making US Roads More Dangerous
- US Senate Committee to Hold Hearing on Boeing Safety Culture Report
- Progressive Records Five-Fold Increase in Q1 Net Income
- NHTSA Opens Investigation Into Recall of Certain Ford SUVs Over Fuel Leaks
- Explainer: Limits on PFAS in Drinking Water Could Fuel Litigation
- Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices
- CISA Says Russian Hackers Used Microsoft Access to Steal Government Emails
- US Cyber Agency Warns of Compromise at Sisense Data Firm
- EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS
- People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits
- US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting
- Tech Update: Sayata Risk Engine Flags High-Risk Accounts With AI; Canopy Connect and Hawksoft Launch Integration to Eliminate Data Entry for Agents
- NAIC Adopts Climate Resilience Strategy to Close Coverage Gaps, Improve Recovery
- US Senate Votes to Reject Rule to Cut Greenhouse Gas Emissions on Highways
- FTC Asks Congress for Authority Over Its Own Consumer Cases
- US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing
- National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
- People Moves: Farmers Insurance Names Coleman President of Business Insurance
- Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny
- Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
- Hackers Claim to Have UnitedHealth’s Stolen Data – But Is It a Bluff?
- Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries
- Swiss Women Win Big in Landmark Climate Case. Where Do US Climate Cases Stand?
- Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report
- If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher
- Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch
- Alliant Insurance Services Acquires Captive Program Manager POPIC
- US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report
- Tesla Settles Case Over Fatal Autopilot Crash of Apple Engineer
- Violence Against Nurses Climbed 5% Last Year, Report Shows
- Lancashire Launches US Excess & Surplus Lines Carrier
- Tech Update: Verisk Launches Next Generation Catastrophe Models
- Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?
- Loss of Engine Cover on Southwest Boeing 737-800 Prompts FAA Probe
- The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
- Bayer’s $1.5 Billion Roundup Verdict Slashed to $600 Million
- Why Near-Miss Cyberattack Put US Officials and Tech Industry on Edge
- Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
- Women Lost C-Suite Seats in Corporate America, S&P Says
- Trump’s Bond Firm Must Show Proof of Resources, New York AG Says
- Private Credit Is Top Choice for Insurers Managing $13 Trillion
- US Justice Department to Meet Boeing Fatal Crash Victims’ Lawyers
- Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz
- US SEC Stays Climate Disclosure Rule Amid Legal Challenges
- Weather Forecasters Predict ‘Extremely Active’ 2024 Atlantic Hurricane Season
- US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch
- Freight Railroads Must Keep 2-Person Crews Under New Federal Rule
- Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage
- Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers
- Sanofi to Settle 4,000 Zantac Cancer Lawsuits in US State Courts
- SEC Bribery Unit Probes Technology Companies’ Use of Contractors
- Nationwide Survey Finds Distracted Driving Still an Issue
- Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
- Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems
- Microsoft Faulted for ‘Inadequate’ Cyber Practices in US Report
- Viewpoint: Many Businesses May Be Exposed to Losses From Snow Melt Flooding
- Spinnaker Veterans Launch P/C Fronting Carrier With Backing From Bain Capital
- Public Health Groups Sue FDA Again Over Delayed Menthol Ban
- AIG Sues Newly Launched Dellwood Insurance and Its Founders
- US, Britain Announce Partnership on Artificial Intelligence Safety, Testing
- Trump $175 Million Bond Arranged by Billionaire Supporter’s Firm
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- How Do Insurers Define Systemic Cyber Risk?
- Ship Owner in Bridge Collapse Seeks to Limit Its Liability
- Google Agrees to Delete Web Browsing Data as it Settles ‘Incognito’ Lawsuit
- AT&T Notifies Users of Data Breach, Resets Millions of Passcodes
- US Home Insurance Premiums May Hit a Record This Year, Report Warns
- US Finalizes New Tailpipe Emissions Limits for Heavy Duty Vehicles
- Other Major US Bridge Collapses Caused by Ships and Barges
- Update: Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo
- Viewpoint: AI Is Changing the Cyber Risk Landscape
- AM Best Downgrades Ratings of State Farm General
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