National News for October 2024
- Lemonade Remains in the Red With $68M Loss in Q3
- ‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time
- Companies Boost Social and Climate Reporting Amid ESG Backlash
- Markets/Coverages: Howden Launches Cyber Solution With Chubb, LSM and Mosaic
- People Moves: Huntington Launches Insurance Focused Marketing Program
- OPTIS: Insurance Agency M&A Down 10% This Year
- Aerospace Startup Partners With NASA, USGS to Monitor Wildfires, Storms From Space
- Allstate Turns in Net Income of $1.2B After Q3 Hurricanes
- FTC Antitrust Merger Rules Issued After Rare, Bipartisan Compromise
- Viewpoint: Role of Private Flood Insurance Has Room to Grow With NFIP Instability
- JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral
- McDonald’s Sued by Consumers in Proposed Class Action Over E.Coli Outbreak
- Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income
- Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon
- J&J’s $8.2 Billion Talc Settlement Faces January Court Test
- Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’
- People Moves: The Hartford Announces Leadership Appointments In Global Specialty
- Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch
- New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
- Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns
- Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton
- McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef
- Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay
- Broker Insights’ ‘Decision Intelligence’ Officially Heads to the US
- Economic, Social Inflation Influence Drop in Commercial Auto UW Profits: Triple-I/CAS
- US Investigating Breach of Telecoms by China-Linked Hackers
- Judge Approves $102 Million Settlement Over Baltimore Bridge Collapse
- Q3 Net Income Up 18% at The Hartford
- FM Makes Third ‘Resilience Credit’ With $400M for Clients
- US Gains $100M Settlement With Owner, Operator of Ship That Wrecked Key Bridge
- People Moves: H.W. Kaufman Names Kaufman, Kaufman Davis Co-Presidents; Desett Joins HUB as N.A. Commercial Lines Pres.; Benson Is Chubb Multinational Ins. Lead
- S&P Reveals Top 50 Largest P/C Insurers
- Catastrophe-Bond Funds Suffered Virtually No Losses From Hurricane Milton
- PCF Insurance to Rebrand as Trucordia With New Growth Strategy
- How a US judge Injected Culture Wars Into Boeing 737 MAX Plea Deal
- Iranian Hacker Group Focuses on US Election Websites, Media, Microsoft says
- Marsh: US Commercial Insurance Rates Up 3% on Hikes in Casualty
- New Rules Proposed to Block China, Russia, Iran From Accessing Bulk US Data
- The Data Behind Rising Homeowners Premiums: By Peril and By State
- McDonald’s Is Racing to Contain Fallout From E. Coli Outbreak
- American Air Fined Over Treatment of Travelers With Disabilities
- Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern
- FAA Finalizes Pilot Training, Certification Rules for Air Taxis
- E. Coli Outbreak Tied to McDonald’s Quarter Pounder Kills 1, Sickens Dozens
- What a Weak La Niña Could Mean for Winter Weather
- Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
- SEC Accuses Four Firms of Downplaying SolarWinds-Related Hacks
- GAO Urges OSHA to Address Ergonomic Hazards in e-Commerce Warehouses, Deliveries
- Record-Breaking Temperatures Mask a Subtler Threat: Chronic Heat
- Supreme Court Rejects Bid to Let President Fire Independent Agency Leaders
- Inflation Gauge Is Easing But Some of Biggest Expenses Are Left Out
- SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers
- State Residual Markets See Policy Count Double in 5 Years: AM Best
- W.R. Berkley Posts Record Q3 Net Income
- Murdoch Firms Dow Jones and New York Post Sue Perplexity AI
- People Moves: Applied Underwriters Aerospace Names Parker Chairman
- 90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs
- FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation
- Western Digital Owes $315.7M for Infringing Data Security Patent, Jury Says
- ESG’s Appeal Fades in Emerging Markets as Profit Seeking Eclipses Virtue
- Walmart Reaches Settlement in Shareholder Lawsuits Over Handling of Opioids
- Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks
- J&J Talc Settlement Holdouts Accuse Company of Buying Votes
- Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality
- Insurance Execs See Gen AI Necessary To Compete; Customers Wary
- McKinsey to Pay at Least $500 Million in DOJ Opioid Probe
- Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses
- Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene
- Marsh McLennan Reports 6% Increase in Q3 Revenue
- Travelers Triples Q3 Net Income, Reverses Underwriting Loss
- FTC Finalizes New Merger-Filing Requirements
- Stellantis Recalls 54,000 Hybrid SUVs Worldwide Over Brake Pedal Defect
- Supreme Court Allows EPA Power Plant Pollution Curbs for Now
- Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report
- Meta Must Face State Lawsuits Over Teen Social Media Addiction
- Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk
- Lufthansa Agrees to Pay $4M Penalty Over Treatment of Jewish Passengers
- Explaining Deductibles After Multiple Florida Hurricanes
- Google Endorses Bill to Reveal Funders Backing Lawsuits
- Former Triple-I Exec Says He Was Fired After Testifying in Bullying Case Against CEO
- GSK Sues Moderna for Patent Infringement Over COVID, RSV Vaccines
- Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants
- Progressive More Than Doubles Q3 Net Income Despite Helene Losses
- KCC Expects Private Insured Losses of $36B From Hurricane Milton
- Honda Recalling 2 Million Vehicles Over Steering Issue
- J&J’s Court-Shopping Win Highlights Irresistible Bankruptcy Tool
- Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS
- Fitch Expects Insurance Industry Losses of Up to $50B From Milton
- Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds
- People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial Services Group; Thomas-Ferrand to Lead Marsh Captive Business
- Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows
- Group of Scientists Say Climate Change Drove Helene Impacts
- American Water Cyberattack Renews Focus on Protecting Critical Infrastructure
- Catastrophe Bonds Dodge Worst-Case Scenario After Milton
- Balance With ‘Micro-Actions’ in Commercial Market But Milton Could Disrupt
- Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets
- Flaws of the Saffir-Simpson Scale: Wind Isn’t the Only Threat in Modern Hurricanes
- Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s
- GSK Agrees to Settle About 80,000 Zantac Lawsuits for Up to $2.2B
- Marriott Settles With States for $52M Over 2018 Data Breach at Starwood
- NSA Investigating If Chinese Hackers Breached US Telecoms
- Verisk Says Helene’s Insured Losses Could Reach $11 Billion
- Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers
- Hurricanes Milton and Helene Expose Limits of US Flood Maps
- Home Security Firm ADT Reports Unauthorized Activity on Its Network
- Catastrophe Bond Investors Brace for Major Losses as Milton Rages
- Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC
- Billionaire Tom Steyer’s Commercial Real Estate Lead Says ‘Watch Insurance Risk’
- Hurricanes Like Helene Keep Killing for Years After They Strike
- 13 States and DC Sue TikTok, Accusing Platform of Harming Younger Users
- Why Homeowners Insurers Are Unprofitable and What To Do About It: Aon
- Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources
- Property/Casualty Insurance Stocks Slump on Hurricane Milton-Related Fears
- Supreme Court to Hear Challenge to Mexico’s Suit Against American Gun Companies
- Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power
- Supreme Court Rejects ‘Pharma Bro’ Shkreli’s Appeal of $64.6 Million Penalty
- Update on Helene Loss Estimates: CoreLogic Sees $10.5B-$17.5B Insured Loss
- Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
- Nation’s Flood Insurance Program Is Making More Repeat Payouts
- NFL Says Preseason Saw Fewest Concussions Since Tracking Started
- JPMorgan Client Who Lost $50 Million Fortune Amid Dementia Denied Trial
- Supreme Court to Decide If White, Straight Workers Face Higher Bar in Bias Lawsuits
- Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year
- Becton Dickinson Hernia-Mesh Settlements Will Exceed $1 Billion
- US Dockworkers Suspend Three-Day Strike After Contract Extension
- FEMA Doesn’t Have Enough Funding to Last Through Hurricane Season, Mayorkas Warns
- The Chief Artificial Intelligence Officer: Leading AI Innovation and Risk Management
- AccuWeather Increases Estimate of Helene’s Economic Loss to $225B-$250B
- Nowhere in America Is Safe From Climate-Fueled Storms and Fires
- People Moves: Gillard Named President of AM Best Rating Services, Succeeding Mosher
- American Dams Weren’t Built for Today’s Climate-Charged Rain and Floods
- Biden Says Prolonged Port Strike Would Be ‘Man-Made Disaster’
- Hybrid Jeep Owners Should Park Outside Pending Recall Fix, NHTSA Says
- Amazon Hit With US Labor Board Complaint Over ‘Joint Employment’ of Drivers
- Modeler KCC Puts Privately Insured Losses at $6.4B From Helene
- Agent Satisfaction With Insurers Holds Strong; Erie Tops for Personal Lines
- Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed
- Viewpoint: Strike’s Duration Will Determine Impact on P/C Insurance Industry
- Flooded Farms, Fouled Rivers, Dozens Dead: Helene’s Rising Toll
- US DOJ Charges British Man Over ‘Hack-to-Trade’ Scheme
- Apple Accused by US Labor Board of Imposing Illegal Workplace Rules
- Hospitals Seen as Potential Growth Area for Litigation Financing
- WTW to Sell Direct-to-Consumer Sales Unit Tranzact for $632 Million
- US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
- Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications
- Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
- Judge Rules eBay Not Liable for Selling Harmful Products
- Boar’s Head Faces Legal Scrutiny Over Deadly Listeria Outbreak
- FCC Says It Has Reached $31.5 Million Settlement With T-Mobile Over Data Breaches
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