National News for April 2023
- Fed Plans Broad Revamp of Bank Oversight After SVB Failure
- Judge Denies Google’s Motion to Dismiss Advertising Antitrust Case
- Hub International Garners Investment From PE Firm Leonard Green
- J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Shop Deals
- Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable
- What Are the Green Guides and Can They Stamp Out ‘Greenwashing’?
- Extreme Weather Is Nearly Universal Experience: Poll
- Markel Returns to Q1 Net Income Profit on Investment Gains
- Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution
- Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh
- AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business
- Norfolk Southern Estimates That Ohio Derailment Cost $387M
- Q1 2023 M&A Transactions Lowest Since 2019
- A Record Start to the 2023 U.S. Tornado Season
- Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
- Uber Drivers Are Not Interstate Workers Exempt From Arbitration, Court Rules
- Jury Finds Deutsche Bank Liable for $95 Million in International Ponzi Scheme Suit
- People Moves: QBE Nabs Davis From Beazley to Head Cyber; Dhillon Head of Markel’s Catastrophe, Exposure Management
- Distracted Driving: A Fatal Problem with Seemingly Simple Solutions
- Catastrophe Losses Hinder Chubb Q1 Net Income
- Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says
- U.S. Deploys More Cyber Forces Abroad to Help Fight Hackers
- Insurtech Policygenius to Be Acquired by Zinnia
- First Republic, KPMG Are Sued for Concealing Bank’s Risks
- Coinbase Files Legal Challenge to Push SEC to Write Rules on Crypto
- Altria Tells Jury It Didn’t Benefit From Juul Youth Vaping Push
- American Bar Association Sued Over Data Breach
- Embroker: Business Insurance Shoppers Concerned With Startup Leadership Post-SVB
- Marsh McLennan Reports ‘Strong Start’ to Year With Restructuring Program on Track
- Supreme Court YouTube Decision Could Shape Protections for ChatGPT and AI
- Cancer Victims Urge Judge to Dismiss J&J Talc Unit’s Second Bankruptcy
- People Moves: Chubb Appoints Camp North America Business Development Leader; Ramsey to Lead NEXT Agent Business
- Fox’s Settlement With Dominion Unlikely to Cost it $787.5M
- W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’
- Thefts Prompt 17 States to Urge Recall of Kia, Hyundai Cars
- Altria Faces First Trial Over Claims it Helped Market Juul to Teens
- Tesla Cleared by Jury in Autopilot Crash Suit in Los Angeles
- Paramount Directors Agree to $168 Million Settlement Over Merger
- INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
- American Bar Association Has Network Breach
- No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO
- Insurance Veteran Motamed, 74, Dies
- Pew: 7-in-10 Americans Favor Steps to Become Carbon Neutral by 2050
- Judge Halts Most Talc Lawsuits Against J&J, Stops Trials
- ChatGPT Poised to Expose Corporate Secrets, Cyber Firm Warns
- Tech Firms Try to Muzzle Workers With NDAs, SEC Tipsters Say
- Auto Insurance Shopping Rises as Consumers Seek Better Rate
- Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
- Google’s Rush to Win in AI Led to Ethical Lapses, Employees Say
- Veterans Suing 3M Over Earplugs Seek to Stop ‘False Alarm’ Bankruptcy
- AM Best Gives A- Rating to At-Bay Specialty; Fischel Hired as At-Bay CFO
- Snap Says It’s Wrongly Dragged Into Social Media Addiction Suits
- Catastrophe Losses Cause Q1 Drop in Travelers’ Net Income
- Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity
- J&J Talc Unit Asks Judge to Halt Cancer Lawsuits as it Pursues $8.9B Settlement
- Fox News to Pay $787 Million to Settle Election Suit, Dominion Says
- People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance
- SEC Sees Decentralized Crypto Platforms as Exchanges, Seeks Public Input
- Philips Slow in Replacing Recalled Sleep Devices, Regulator Says
- Elon Musk Says He Will Launch Rival to Microsoft-Backed ChatGPT
- Markets/Coverages: Everspan, MGA Ledgebrook Partner on GL Program
- Supreme Court Tackles Religious Bias Claim Against Postal Service
- People Moves: WTW Names Doddington N.A. Proposition Leader; HUB Adds to Private Client Leadership Team
- Nine More States Join Federal Lawsuit Against Google Over Ad Tech
- FTX Celebrity Promoters Say Crypto Investors Cannot Sue Over Accounts
- Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon
- New Federal Mandates Won’t Impact Premium Finance Transactions: Big I
- Fox-Dominion Defamation Trial Delayed, to Continue Tuesday
- U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
- Lyft Investors Call for More Safety Protections for Drivers
- People Moves: Verisk Promotes Barr, Brunko to Lead Claims Businesses; SRS Appoints Sulisz President
- Amazon Worker Injuries Dip Last Year, but Higher Than 2020
- Man Agrees to Plead Guilty in Basquiat Artwork Fraud Scheme
- Senate Leader Calls for AI Rules as ChatGPT Surges in Popularity
- The Hartford Reveals Preliminary Income Figures for First Quarter
- CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
- Neurodivergence in the Workplace and Associated Employment-Related Considerations
- Global Watchdog Issues Blueprint for Banks to Report Cyberattacks
- Google Asks Judge to Toss Antitrust Lawsuit, Says a ‘Superior Product’ Is Not Unlawful
- March Results Dampen Progressive Q1 Net Income Momentum
- Buffett Says People Shouldn’t Worry About Berkshire, Banks
- Juul to Pay $462 Million to Six States, D.C. Over Youth Addiction Claims
- Trump Sues Ex-Lawyer Michael Cohen Over Alleged Breaches of Contract
- SVB Failed From Mismanagement, Not Loose Regulations: FDIC
- Cyber Watchdog Has ‘No Confidence’ in Emergency Cell Network Security
- HP Must Face Shareholder Lawsuit Over Sales, Appeals Court Rules
- Dog-Related Injuries Cost Insurers More Than $1 Billion in 2022
- U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
- People Moves: Strong Named N2G CEO; Butera to Head Swiss Re FinPro Lines, Casualty North America; Ascot Hires Totolos as Captive Solutions Leader
- J&J Talc Unit Defends Latest Bankruptcy Settlement Bid
- No Separate Trial for Former JPMorgan Executive in Epstein Case
- Business Moves: Arch Insurance Acquires Insurtech Thimble
- AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry
- KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure
- People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer
- States Consider Ban on Cosmetics With ‘Forever Chemicals’
- J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say
- Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout
- Markets/Coverages: Canopius U.S., MGA Falvey Partner to Offer Inland Marine Coverage
- Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
- Viewpoint: Optimizing Agency Relationships; A Data-Driven Approach to Premium Growth
- U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
- EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump
- U.S. Airports’ Outdated Tech Leaves Planes Vulnerable to Runway Near-Misses
- Volkswagen Halts Sale of Some ID.4 EVs Because Doors Might Open While in Motion
- Markets/Coverages: Berkley Select Enhances Middle Market Lawyers Pro Liability Coverage
- EEOC Says Uber Should Face Claims That Driver Ratings Are Biased
- New Antitrust Lawsuit Against NCAA Seeks Millions in Damages
- 143,000 VW SUV Owners Warned to Keep Front Passenger Seats Empty
- Biden Eyes AI Dangers, Says Tech Companies Must Make Sure Products Are Safe
- Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer
- Ignited by Pandemic Changes, Insurers Embraced Innovation
- 3M’s Bid to Shield Itself From Earplug Lawsuits Faces Skeptical Judges
- Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths
- J&J Unit Files for Second Bankruptcy to Pursue $8.9B Talc Settlement
- People Moves: WCRI Names Tanabe CEO; Fox Becomes Zurich N.A. CUO; WTW Appoints Bolig Head of P&C for Corp. Risk
- JPMorgan May Face Expanded Lawsuit Over Jeffrey Epstein Ties
- McDonald’s Risks Employee Ire by Joining Trend of Virtual Layoffs
- Viewpoint: Whither War and Cyber Operation Exclusions?
- Dollar General Targeted for Systemic Work Hazards
- Bayer Defeats Merck in Lawsuit Over Talc Liabilities
- Jury Orders Tesla to Pay $3.2M to Ex-Worker in Race Bias Case
- The U.S. Leads the World in Weather Catastrophes – Here’s Why
- Boy Scouts Bankruptcy Plan Headed to Federal Appeals Court
- Markets/Coverages: Beazley Updates Primary U.S. Public D&O Offering
- People Moves: Chubb’s O’Brien Named CRO, Ringsted to Lead Digital Business; Azzolino to Head The Hartford’s Global Specialty Digital Solutions
- Fox Judge Says It’s ‘CRYSTAL Clear’ Election Claims Were False
- Johnson & Johnson Unit Loses Bid to Stay in Bankruptcy During Supreme Court Appeal
- Elon Musk Seeks to End $258B Dogecoin Lawsuit
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