National News for September 2022
- Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
- Ian Aftermath Even Harder to Fix With Supply Chain Tattered
- Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates
- Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
- Sex Abuse Allegations Spread Against Cheerleading Industry
- Industry Experts Talk Future of Insurance at 2022 ITC Conference
- Big I’s Symington Promoted to EVP Before Taking Over as CEO Next Year
- Citizens’ Early Estimate of $3.8B in Ian Losses; Florida OIR Suspends Use and File
- Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk
- Storm Ian Weakens as Millions Left Without Power
- HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit
- Intensifying Storms Are Fueling a Record $17 Billion Bond Barrage
- Strong Category 4 Hurricane Ian Poised to Become One of the Costliest
- Fast Company Shuts Website After Hack Sends ‘Obscene’ Apple News Notifications
- Many Americans Apprehensive About Self-Driving Cars: Study
- Some 349,000 Still Without Power in Puerto Rico After Fiona
- 16 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps
- Gun Violence Costs the U.S. $557 Billion a Year
- Biogen Agrees to Pay $900M to Resolve Kickback Claims
- Cyber Threats Still No. 1 Business Concern: 2022 Travelers Risk Index
- UPDATE: Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value
- BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian
- Eli Lilly Sued for Age Discrimination by EEOC
- US Starts Criminal Probe Into PG&E Role in California Wildfire
- A Week After Fiona, Just Over Half of Puerto Rico Has Power
- Viewpoint: How Progressive’s Relationship with ‘The Robinsons’ Could Be at Risk
- Deutsche Bank in $26.3M Shareholder Settlement Over Epstein, Russian Oligarch Ties
- Small Businesses Underestimate Recovery Time, Cost of Cyberattack
- Marsh McLennan CEO Glaser to Retire; Doyle to Take the Reins in 2023
- NOAA: 6th Warmest August on Record
- Markets/Coverages: Marsh Clients Can Pay Fees With Carbon Credits; Cowbell Debuts Adaptive Cyber, Launches Cowbell Specialty
- Big ‘I’ and Reagan Consulting Release 2022 Best Practices Study Results
- Federal Appeals Court Upends $6M Lead Paint Verdict From 2019
- Thieves Key on Hack That Leaves Hyundai, Kia Cars Vulnerable
- Boeing to Pay $200M to Settle Charges it Misled Investors About 737 MAX
- Viewpoint: Significant Ruling in PFAS Litigation Could Impact Insurance Coverage
- Scientist: Climate Change Plus 3rd Straight La Niña ‘Not a Good Thing’
- Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
- Hurricane Fiona Losses Depend on Business Interruption, Cause
- People Moves: Maxwell Managing Director at Markel Specialty; Bouvier Hired as Compre Claims Director; Sensa Taps Brown as COO
- Tesla Recalls Nearly 1.1 Million Vehicles to Update Window Reversing Software
- New York AG’s Financial Fraud Suit Against Trump Details Insurance Scenarios
- Congress Examines Insurer Diversity; Results ‘Disappointing,’ Lawmakers Say
- Cancer Victims Urge Court to End J&J Bankruptcy Roadblock to Lawsuits
- American Airlines Says Data Breach Affected Some Customers, Employees
- Rising Auto Rates Affecting ‘Bundle’ Strategy: J.D. Power
- RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus
- Gallagher, Alliant Agree to Settle Latest Dispute Over Alleged Poaching
- Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022
- Autobrake Performance Dips After Sundown
- McDonald’s Ordered to Face Byron Allen’s $10B Discrimination Lawsuit
- Hurricane Fiona Moves North With Up to $4B Economic Damages Estimated Already
- AIG Life/Retirement Unit Corebridge Valued at $13B
- American Family First U.S. Insurer to Join The Climate Pledge
- AM Best Viewpoint: The Value of MGAs in a Hardening Market
- Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
- Study: Four Major Tipping Points Close to Triggering Hotter Temps
- Uber Says Lapsus$-Linked Hacker Responsible for Breach
- U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit
- U.S. Traffic Deaths in First Half 2022 Hit 16-Year High
- Big I President & CEO Rusbuldt to Retire Next Year
- Puerto Rico Begins Restoring Power After Storm Snuffs Grid
- People Moves: Gambale Joins AGCS From AIG; AXA XL Appoints 2 to Group Captives Unit
- White House Touts $1 Billion in Grants to Fight Cybercrime
- Teva Pharm Expects to Start Paying U.S. Opioid Settlement in 2023: CEO
- 3 Iranian Citizens Charged in Broad Hacking Campaign in US
- Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO
- U.S. DOL Expands OSHA’s Severe Violator Enforcement Program
- Uber Probes Hacker’s Claim to Have Penetrated Key Databases
- Viewpoint: The Chinese Government is Coming for Your Company Secrets
- Cyber-Defense Agency Urges Companies to Automate Threat Testing
- ProNavigator Raises $10M Growth Investment, Opens Second HQ
- Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
- MGAs: An All-Weather Distribution Channel for Soft and Hard Markets
- NFL Is Latest Target in Lawsuits Over Data-Sharing With Meta
- Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims
- Phishing Triggers Majority of Cyber Claims in 2022 First Half: Coalition
- NBA Suspends Phoenix Suns Owner Over Racial Slurs, Harassment
- Markets/Coverages: Earnix, Guidewire Partner; XPT Unifies Brands; Franchise Hotel Program at Suitelife; New Hotel Umbrella Option at Distinguished
- Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re
- Prescribed Fires at National Forests Resume After Review
- Twitter Whistle-Blower Describes ‘Ticking Bomb’ of Security Gaps
- Report Pinpoints Top Causes of Malpractice Claims Involving Nurses
- Watchdog: Chemical Safety Agency Impeded by Staff Shortage
- Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino
- U.S. Seeks to Restore Safety Rules Sparked by Gulf Oil Spill
- Bezos’ Blue Origin Suffers Rocket Failure During Uncrewed Mission
- Citigroup Wins Appeal Over Mistaken Revlon Wire Transfer
- Chamber of Commerce Calls for ‘Urgent Action’ to Avoid Railroad Strike
- Google Completes $5.4M Buy of Cybersecurity Firm Mandiant
- Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
- People Moves: Donavan CUO at Boost; Tasker New Head of AGCS Energy, Construction; 2 Hires at Liberty Mutual GRS
- Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
- Underwriting No Longer Sole Path to Profit, Say Berkley Execs
- Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken
- Risk Placement Services President Cavaness Receives City of Hope’s Spirit of Life Award
- Workers’ Comp Insurance Industry Backs CompScience Technology in $6M Seed Round
- Toyota Reaches Potential $150M Settlement Over Fuel Pump Recalls
- NYT Piece Calls out ‘Summer of Climate Disasters’
- Lexington Starts Middle Market Casualty Group for SMEs
- Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
- People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re
- Viewpoint: Designing Insurance Pricing Variables…What’s Your Company’s Strategy?
- Markets/Coverages: AXIS Cyber and Liability Policy for SMBs; Moody’s ESG Underwriting Solution; CyberCube, AkinovA Partner on Cyber Analysis
- Elon Musk $258 Billion Dogecoin Lawsuit Expands
- First Aerial Delivery Drone Granted Design Approval by FAA
- Record-High Direct Premiums Written for the U.S. Surplus Lines Segment in 2021
- Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand
- State Farm Invests $1.2B in ADT; Adopts ‘Predict and Prevent’ Mindset
- Hartford President Doug Elliot to Retire
- Labor Board to Expand Companies’ ‘Joint Employer’ Liability
- Truist Acquires Premium Finance Firm From Bank Holding Company
- Last Chance to Nominate for Best Agencies to Work For 2022
- Juul Reaches $439 Million Settlement Over Marketing to Children
- Asset Manager Lombard Odier Adds ESG Screens After ‘Shocking’ Cyber Report
- Howden Re and TigerRisk to Create Largest Global MGA
- U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best
- Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says
- Bayer to Pay $40 Million Over Whistle-Blower’s Bribe Claims
- Hot Spots for Hot Cars: Colorado Leads U.S. in Vehicle Theft Rate, California in Overall Thefts
- Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff
- OSHA Says Wells Fargo Owes Former Exec $22M for Improper Firing
- It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
- US Asks Farmers: Can You Plant 2 Crops Instead of 1?
- Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records
- Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens
- FDA Chief Says Opioid Review Still in the Works
- Markets/Coverages: Beazley, Paragon Partner on Weather Guard; Praedicat, Experian Collaborate on D&O Models; Armadillo Expands With 100 Agencies
- Hippo Cuts Staff 10%; 70 Jobs Eliminated
- Mapping US Coastlines May ‘Drive More Equality’ in Climate Adaptation Policy
- Starbucks Executives, Directors Are Sued Over Diversity Policies
- More Frequent, More Expensive Cyberattacks Spur US Spending on IT
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