National News for August 2024
- CrowdStrike VP Set to Testify to Congress on IT Outage
- Invisalign Maker Reaches $27.5M Settlement of Consumer Antitrust Lawsuit
- Main Street America Insurance Exits Personal Lines
- Musk Beats Suit Over Promoting Dogecoin ‘Pyramid Scheme’
- GM Must Face Big Class Action Over Faulty Transmissions
- NHTSA Closes Two Preliminary Probes Into Fisker’s Ocean SUVs
- Lithium Startups Bet on High Demand in Battery-Powered Future
- Dick’s Sporting Goods Reports Unauthorized Access to Information Systems
- US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
- US Appeals Court Takes Aim at Big Tech Liability Shield
- Weathering the Storm: How IBHS Is Revolutionizing Building Safety
- Converge Insurance CEO Talks Focus, Innovation and Perseverance
- Listeria Outbreak Linked to Deli Meats Claims 5 More Lives, CDC Says
- Ford Joins Harley in Scaling Back DEI Policies Amid Backlash
- TikTok Must Face Lawsuit Over 10-Year-Old Girl’s Death, Appeals Court Rules
- Atlantic Hurricane Season Could Intensify in Coming Weeks, Meteorologists Say
- Americans Shop Around for Insurance More Than Ever as Costs Soar
- Delaware Top Court Will Hear Drugmakers’ Appeal to End Zantac Lawsuits
- Wearable Sensors Can Predict Overheating but Is There Privacy Risk?
- Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents
- AT&T Paying to Resolve Investigation Into 911 Outage
- Chinese Hackers Breach US Internet Firms Via Startup, Researcher Says
- Lowe’s Scraps Some DEI Policies as Activist Claims a New Win
- Kroger Case Tests FTC Chair’s Bid to Protect Workers
- What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays.
- People Moves: Chaucer Hires Baker From AXA XL to Lead Political Violence Team; EagleView Hires Cooke for Enterprise Growth
- US Justice Department Accuses RealPage of Driving Up Rents
- Halliburton Probes Impact of Cyberattack With Law Enforcement
- Conflicting Federal Policies May Cost Residents Near Dams More on Flood Insurance
- Amazon Must Face D.C.’s Antitrust Lawsuit, Appeals Court Rules
- Former Citigroup Exec Suing Bank Was Fired for Performance, Company Says
- Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash
- J&J in Talks With Holdouts to $6.5 Billion Talc Settlement
- FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’
- Fed’s Powell Says ‘Time Has Come’ to Cut Interest Rates
- Parent of Risk Strategies and One80 Intermediaries Closes $1 Billion Financing Deal
- People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O
- Frequency of Deadly Hurricanes Has Jumped 300%
- Amazon Is Boss of Subcontracted Drivers, Labor Board Prosecutors Say
- Authors’ Class Action Targets AI Company Anthropic for Copyright Infringement
- Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments
- Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield; Encore Fiduciary Moves Into Management Liability
- GM’s Cruise Recalls Nearly 1,200 Robotaxis to Close US Probe
- Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses
- RAND Study Eyes Impact of Legal System Abuse and Social Inflation
- Musk’s Ban on Remote Work at X Beats Disability Bias Claim for Now
- Kroger Seeks to Block FTC Case Against Albertsons Acquisition
- Wall Street Regulator Approves Tougher Rules for Accounting ‘Negligence’
- US Firms Warn Against ‘Unprecedented’ Hong Kong Cyber Rules
- Puerto Rico Insurers to Absorb Hurricane Ernesto Losses: AM Best
- Markets/Coverages: Baltimore Bridge Collapse Sparks Port Blockage Cover From Marsh
- US Appeals Court Revives Google Privacy Class Action
- FTC Ban on Worker Noncompete Agreements Blocked by Federal Judge
- Supreme Court Keeps New Rules on Sex Discrimination in Education on Hold
- Ryan Specialty to Acquire Assets of MGU Greenhill From Alera
- USAA President, CEO Peacock Retiring in 2025
- CIAB: Clear Evidence of Softening Commercial P/C Market Conditions in Q2
- T-Mobile Fined $60 Million Over Unauthorized Data Access
- Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay
- US State AGs Seek Treble Damages Against Live Nation for Concertgoers
- US Workers More Glum on Compensation and Work Prospects, New York Fed Says
- Verisk: US Reconstruction Costs Rose 5.2% From Last Year
- Net Zero’s Carbon Removal Conundrum
- People Moves: Rokstone Appoints Burrow Head of US Excess Casualty; Canopius Hires Mills to Head US Casualty
- The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows
- Ford Recalls About 85,000 Explorer SUVs Over Engine Fire Risk
- Federal Board Calls for Stricter Safety Rules for Charter Flights and Air Tours
- Judge Tells ‘Monopolist’ Google It Can’t Avoid ‘Paying to Make the World Right’
- Second US Judge Blocks FTC Ban on Worker ‘Noncompete’ Agreements
- All-Star Hamby Sues WNBA, Aces Alleging Discrimination, Retaliation for Being Pregnant
- Auto Insurance Shopping Elevated As Loss Costs Potentially Moderate
- Best Agencies to Work For: Submit Now.
- People Moves: Zurich Promotes Nolan to Head of Surety in US; Zink Joins Everest to Lead Specialty Underwriters
- US Auto Insurers’ Strong Performance to Continue Through 2025: Fitch
- US Undercounts Bird Flu in Cattle as Farmers Shun Testing
- McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump
- Catastrophe Bond Issuance Is Set to Blast Through 2023 Record
- Report: 2.6M Homes with a Cost of $1.3 Trillion at Moderate to Very High Risk of Wildfire
- Wall Street Firms to Pay $470 Million to Settle With US Regulators Over Texting
- Consumers’ Refusal to Keep Paying Higher Prices May Halt Inflation Spike
- What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs
- People Moves: Chubb Appoints Ohsiek, Hagan and Le to Key Finance Posts
- Tropical Storm Ernesto Drenches Puerto Rico on Path Northward
- Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion
- Markets/Coverages: Amwins, Floodbase Unveil Flood Insurance for Golf Courses; Aegis Pro Risk Partners With Sentry on E&O Program
- Farmers to Streamline East Region in Move That Will Mean 84 Layoffs
- Samsung Recalling 1 Million Electric Ranges After 250 Fire and 40 Injury Reports
- Goldman Sachs’ Fund Division to Leave Climate Investor Group
- Ford, Mazda Advise Against Driving Certain Models Over Takata Airbag Concerns
- Manufacturers Hit by Soaring Property Insurance Costs
- Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform
- Sica Fletcher Index: Agency-Broker M&A Down Slightly in First Half 2024
- SEC Sues Over Alleged $650 Million Global Crypto Fraud
- J&J Gets Plaintiff Backing for $6.5 Billion Baby Powder Accord
- Anti-DEI Shareholders Are Attacking Corporate America’s Diversity Programs
- Winning Lawsuit Against Titan Sub Owner Could Be Difficult, Experts Say
- Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’
- Labor Market Study: 14% of Carriers Plan to Reduce Headcounts
- Clashing Risk Predictions Cast Doubt on Black Box Climate Models
- Antisemitism Lawsuit Against MIT Dismissed; One Against Harvard Allowed to Continue
- Taylor Swift Cancellations Deal Blow to Insurers: Sources
- Hyundai, Kia Software Upgrades Cut Theft Rates By More Than Half, HLDI Finds
- Delta Rejects CrowdStrike Criticism, Sees $500 Million Hit From Cyber Outage
- More People Moving In Than Out of Counties With High Catastrophe Risk
- Third Trial Over Zantac Cancer Claims Ends With Hung Jury
- EPA Issues Rare Emergency Ban on Pesticide That Damages Fetuses
- Student-on-Employee Workers’ Compensation Assault Claims Drop: Gallagher Bassett
- Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profit
- Titan Sub Victim’s Family Seeks $50 Million Over Fatal Implosion
- Federal Judge Tosses Much of Mexico’s Lawsuit Against US Gunmakers
- Survey: 78% of Ransomware Victims Paid and 74% Suffered Multiple Strikes
- Pandemic Shifted US Jobs Out of Big Cities Into Smaller Metros
- Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses
- Delta Passengers Sue Airline for Refusing Refunds After Massive Computer Outage
- People Moves: Lockton Names Ryan US President; Everest Names Buonpane and Stewart to Lead US Wholesale
- Energy Department Awards $2.2B to Strengthen Electrical Grid, Add Clean Power
- Viewpoint: Generative AI in Insurance Isn’t Working
- Microsoft and Delta Trade Blame Over Crowdstrike Outage
- What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes
- As US Heat Deaths Rise, Some Landlords Oppose Right to Air Conditioning
- Musk’s X Accuses Advertisers of Boycotting Platform in New Lawsuit
- Google Monopolized Search Through Illegal Deals, Judge Rules
- GSK Wins Latest Trial Over Zantac Cancer Claims
- Removing US Subsidies Curbed Building in Climate Risk Zones, Study Finds
- Fed Policymakers Signal Rate Cuts Ahead, But Not Recession
- Berkshire Halves Apple Stake, Boosts Cash to $277 Billion As It Gets ‘Defensive’
- Travelers: Costliest Claims Driven by Most Common Workplace Accidents
- US Expected to Propose Barring Chinese Software in Autonomous Vehicles
- Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime
- CrowdStrike Rejects Delta Air Lines Claims Over Flight Woes
- Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk
- NHTSA: 51 Million Air Bag Inflators Pose Safety Risks Despite Automaker Objections
- TikTok Sued by US for Allegedly Breaking Kids’ Privacy Law
- Boar’s Head Hit With Consumer Lawsuit After Deli Meat Recall Over Listeria Concerns
- Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
- AI Startup Suno Says Music Industry Suit Aims to Stifle Competition
- Microsoft Azure Attack Shows Persistence of Blunt Hacking Tool
- ‘Impossible’ Weather Increasingly Blamed on Climate Change
- Apple Asks Judge to Toss Antitrust Lawsuit
- Technology’s Grip on Modern Life Pushing Us Down a Path of Digital Land Mines
- Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses
- Appeals Court Tosses Appian’s $2 Billion Verdict Against Pegasystems
- CBIZ to Acquire Accounting Firm Marcum in $2.3 Billion Deal
- PFAS Liability for Water District Remediation Costs Estimated Up to $175B
- CrowdStrike Is Sued by Shareholders Over Huge Software Outage
- AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2%
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