National News for February 2022
- Aon Discloses ‘Cyber Incident’ Amid Mounting Concerns Over Hacks
- Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court
- Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate
- Hyundai, Kia Are Sued After Recalling Vehicles Because of Fire Risk
- Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
- AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry
- Lemonade Execs Expect ‘Peak Losses’ in 2022
- Pandemic, Other Risks Weigh on Minds of Middle-Market Execs
- Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs
- Hacking Risk Shadows U.S. Business as Russia Threatens Critics
- Drug Distributors, J&J Agree to Finalize $26 Billion Opioid Settlement
- Palin Wants New Trial With Different Judge in New York Times Defamation Lawsuit
- U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
- Tesla’s Many Dockets of Litigation Keep Lawyers and Judges Busy
- People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong
- Applied Underwriters to Buy Catlin Specialty From AXA XL
- Pandemic Brought Surge in Illegal Street Racing Across U.S.
- Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
- Dakota Access Pipeline Loses Supreme Court Appeal, Leaving Its Future Unclear
- U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights
- Travelers Acquires Tech Assets of Insurtech Trōv for Personal Insurance
- Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
- Agency’s Specialty Portfolio Often Fragmented by Working With Multiple Carriers
- ESG Litigation Over Social Issues Is Poised to Rise
- J&J Unit Proposes Independent Exam If It Remains in Bankruptcy
- U.S. Soccer to Pay $24 Million to End Women’s Equal-Pay Suit
- Only 3% of Employees Want to Return Full-Time to Their Offices: Survey
- Purdue’s Sackler Owners Propose Up to $6 Billion Opioid Settlement
- COVID Underscores Lack of Whistleblower Protections
- Meta’s Facebook to Pay $90 Million to Settle Privacy Lawsuit Over User Tracking
- Sandy Hook Families to Focus on Gun Marketing After $73M Settlement
- Consumer Reports Finds Luxury Cars Trail ‘Mainstream’ Brands in Safety, Performance
- People Moves: At Verisk, Shavel to Succeed Stephenson as CEO, Anquillare to Become President
- Boeing, Reform Issues Await New U.S. Aviation Safety Chief
- U.S. Investigates 416,000 Tesla Vehicles Over Unexpected Braking
- Climate Change Could Push Flood Losses in U.S. to $40B by 2050
- AIG to Move High Net Worth Homeowners to E&S
- 4 Insurers, 5 Policies to Pay $73M Sandy Hook Settlement Against Gunmaker Remington
- Many Faith Leaders, Denominations Wary of Religious Exemptions for Vaccine
- Elon Musk, Tesla Attack SEC for ‘Unrelenting’ Harassment
- FBI Calls Crypto ‘Only Game in Town’ as Ransomware Flourishes
- AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes
- Markets/Coverages: WTW Partners With Falvey Cargo on Cyber; Boost and Breach Offer Crypto Wallet Cover; Umbrella From Distinguished Programs Serves Real Estate, Community Associations
- Rating Upgrades Increase for U.S. P/C Insurers in 2021
- Most Critical Infrastructure Sectors Haven’t Adopted NIST Cybersecurity Framework
- CDC Proposes Changes in Guidance to Doctors on Opioid Prescriptions
- More Than a Conversation: Building Diversity Means Taking Action
- Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement
- Jury Rejects Palin’s Libel Claim Against New York Times
- Prince Andrew Settles Sexual Abuse Claim for Undisclosed Amount
- Gunmaker Remington to Pay $73M to Settle Liability Claims With Sandy Hook Families
- Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
- J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’
- How Car, Home Inflation Is Driving Up Loss Costs for Insurers
- Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict
- Valentine Heartbreaker: Romance Scammers Took in $547 Million in 2021
- People Moves: Burns & Wilcox Adds 5 to Private Client and Flood; AmTrust Forms New E&S Leadership Team Led by Bublitz
- Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On
- Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions
- Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court
- Jury Deliberates Over Palin Defamation Claim Against New York Times
- Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues
- Insurance Pros At Odds With Las Vegas, Final Result in Predicting Cincinnati Super Bowl
- People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter
- SpaceX Satellites Falling Out of Orbit After Being Hit by Solar Storm
- Purdue’s Sacklers Consider Adding $1 Billion More to Opioid Settlement
- Senate Joins House in Passing Ban on Forced Arbitration of Worker Sexual Abuse Claims
- Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO
- Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns
- W.R. Berkley Optimism About 2022 Comes With Caution About Workers’ Compensation
- House Passes Ban on Mandatory Arbitration for Sexual Misconduct Claims
- Markets: Liberty Mutual Covers ‘Last Mile’ Delivery; Roamly Serves RV Rental Firms; Next Targets Auto Repair Industry
- NASA Concerned About SpaceX Satellite Deployment Plan
- Sarah Palin, New York Times Editor Take the Stand in Defamation Trial
- Cincinnati or Los Angeles? P/C Professionals Predict the 2022 Super Bowl Winner Now
- Insurance Industry Critic and ‘Conscience’ Hunter Retires From Consumer Federation
- Bipartisan Report Calls for New Strategy, Cabinet Post to Fight Opioid Epidemic
- 4 in 10 Workers Report Decline in Mental Health, Delay in Health Care: Hartford Survey
- Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack
- Couple Accused of Laundering $4.5B in Bitcoin Tied to 2016 Hack
- Lawsuits by Comedians Say Pandora’s Streaming of Their Material Isn’t Funny
- Amazon Care Is Expanding In-Person Medical Services to 20 Additional Cities
- New Auto Insurer Sensa’s Device Analyzes Accident, Triggers Emergency Services
- Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
- States Eligible for $725M a Year to Clean Up Abandoned Coal Mines
- How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance
- FAA Proposes Rules to Protect Certification Workers From Manufacturer Interference
- Tesla to Fix 800K Vehicles for Seat Belt Chime Problem
- CNA Q4 Net Income Drops but Increases 74% for Full Year 2021
- NFL Vows to Improve Minority Hiring Policies, Investigate Tanking Allegations
- New Crypto Coalition Vows to Address Potential for Fraud
- Court Nixes Damages Theory Behind Apple, Broadcom $1.1B Verdict Over WiFi Patents
- Reuters Special Report: J&J’s Secret Plan to Limit Payouts to Cancer Claimants
- The Hartford Q4 Net Income Rises 36% on Commercial Lines Growth
- Former Human Rights Campaign President Accuses Group of Racial Discrimination
- News Corp. Suspects China Behind Cyber Attack on Its Email System
- As Road Fatalities Spike, States Get Funds for Safety Enforcement and Speed Cameras
- Nike Files Trademark Suit Against Online Retailer to Halt Sale of Sneaker NFTs
- Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
- NASA: Earth’s Temperature in 2021 Was 1.5 Degrees F Above Baseline
- Last Chance: Share Your Thoughts on Agency Compensation Trends Now
- Kemper Eyes Rate Hikes, Agency Cancellations to Regain Footing After Q4 Fall
- Q4 Net Income Drops 50% for Allstate on Higher Auto Claims
- Traffic Fatalities Continue on Record Pace But Not in All States
- Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy
- FAA Expects Addressing Safety Issues to Cause Only ‘Minimal Disruptions’ to Air Travel
- Metromile Shareholders Approve Acquisition by Lemonade
- Use of Fertilizer Behind Explosions, Fires Declines Due to High Risks
- How Autonomous Car Companies Are Outrunning U.S. Regulators and Lawmakers
- People Moves: Great American P&C Names Thompson President; Philadelphia Insurance Promotes Ricca, Rosencrans, Flowers
- Chubb Net Income Drops in Q4, More Than Doubles for Year
- Insurance Technology: C&F Pet Insurance Adds Health Tool; Frederick Mutual Adds Digital Document Protection
- Sweeping Class Action Accuses NFL Teams of Racial Bias Against Blacks
- Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines
- U.S. Offers States $1.15B to Clean Up Abandoned Oil and Gas Wells
- 13 States Agree U.S. Law Does Not Bar Mexico’s $10B Suit Against U.S. Gun Makers
- Tesla to Recall Vehicles That May Disobey Stop Signs
- Insurance Product Provides Cloud Downtime Cover Instantly
- Insurers Could Get Lower Rates on Liquidity with Bills in States
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