National News for May 2022
- U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best
- Ransomware Attacks Up More Last Year Than In Prior Five Years: Verizon
- Cyber Insurance Premiums Up 27.5% to Lead All Lines in Q1: CIAB
- Global Re/insurers See Average Premium Increases of 11% in 1st Quarter: Gallagher Re
- As Uvalde Parents Seethe, Recourse Against Police May Be Limited
- Jury’s Duty in Depp-Heard Trial Doesn’t Track Public Debate
- McDonald’s Investors Demand Civil Rights Audit in Close Vote
- U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked
- FDA Chief Struggles to Explain Slow Response on Baby Formula
- Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey
- NFL to Appeal Ruling in Gruden Lawsuit Over Leaked Emails
- People Moves: Great American Promotes Mulvey; Rivera Succeeds Lubrano at Berkley Product Recall; Fusion Names U.S. Team for M&A
- Musk Sued by Twitter Investors for Stock ‘Manipulation’ During Takeover Bid
- Study Finds Climate Change Could Hit U.S. Corn Belt Hard
- Class Action Accuses 3 Automakers, Parts Maker of Selling Risky Air Bag Inflators
- Twitter Will Pay $150M to Settle With U.S. Over Data Privacy Violations
- P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion
- Hackers Breached Some GM Accounts, Accessing Personal Data
- Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
- Can U.S. Gunmakers Be Liable for Mass Shooting?
- People Moves: Benet Named AXA XL Global CUO; Resilience Hires Ho for Lead Underwriting Role
- Verisk Promotes Shavel to CEO, Anquillare to President
- SEC to Unveil Rule to Crackdown on Funds ESG ‘Greenwashing’
- It Is Time for Insurers to Meet Needs of Tech Driven Businesses
- What to Know About Hacktivism and Its Role in Global Conflict
- J.D. Power Survey Finds Auto Insurance Customer Satisfaction Has Eroded
- Ford to Pay States $19.2 Million Over False Advertising Claims
- Forecasters Predict 7th Straight Above-Normal Hurricane Season
- Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms
- Inflation Drives 33% Surge in Auto Telematics Adoption in Q1 2022: TransUnion
- Younger Workers More Likely to Leave Employers to Retain Flexibility
- Do Claims Against Musk Raise a Legal Issue for His Companies and Twitter Deal?
- D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach
- Takeaways from Our Conversation on Cannabis Lounges
- Costlier Errors: Legal Malpractice Claims Severity Keeps Rising
- Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase
- Data Breach-Related Securities Suit Filed Against Cyber Firm Okta
- Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected
- FDA Says Abbott Baby Formula Plant on Track to Reopen in 1-2 Weeks
- 3M Ordered to Pay $77.5 Million to Veteran in Latest Earplug Trial
- Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber
- Insurance Technology: Zurich’s FieldView Simplifies Crop Reporting; Kinetic Adds ‘Jump Detection’ to Wearables; Beat Capital to Launch MGAs Using OneShield
- Mental Telehealth CEO Ousted as U.S. Probes Prescription Practices
- Republicans Have a New Enemy No. 1: ESG Investing
- Insurers Too Late for Subrogation in Auto Parts Price-Fixing Case, Court Rules
- Chiropractic Care Linked to Lower Injured Workers’ Costs, Faster Return to Work
- Livestream Tech Firms Learn Hard Lessons from Violent Videos Tied to Mass Killings
- U.S. Narrows Scope of Anti-Hacking Law Long Hated by Critics
- Home, Commercial Rate Hikes Not Enough to Offset Construction Costs: Moody’s
- Pedestrian Fatalities Projected to Reach Highest Level in 40 Years
- Tesla Cut From S&P 500 ESG Index, and Elon Musk Tweets His Fury
- Ford Recalls 39,000 U.S. SUVs After Engine Fire Reports
- Global Supply Stress Worsened in April, NY Fed’s Index Shows
- Pimco Sued Over ‘Fraternity’ Culture by Minority Ex-Workers
- Oceans are Hotter, Higher and More Acidic, Climate Report Warns
- Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer
- Where’s the Beef? McDonald’s, Wendy’s Are Sued Over Burger Sizes
- Researchers to Build ‘Cat 6’ Hurricane Simulator with 200 mph Winds
- Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says
- U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005
- Buttigieg Sends $5 Billion to Cities for Safety as Road Deaths Soar
- Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey
- Climate Change Is Hurting Insurance Industry: Report
- U.S. SEC Chair Says Much to Be Done to Protect Crypto Investors
- Hacker Shows Off a Way to Unlock Tesla Models, Start Cars
- People Moves: Hartford’s Kirk Joins Acrisure; Hamilton Select Welcomes Minarik From AmWINS, James River’s Kirkland
- White House Says $110 Billion in Infrastructure Funds Released in First 6 Months
- Mario Batali Acquittal Underscores Perils of #MeToo Cases
- Capacity Crunch in Cyber Expected to Continue, Says CyberCube’s Baker
- How Climate Change Is Fueling More Intense Global Wildfires
- U.S. FAA Finds Boeing 787 Certification Documents Incomplete: Sources
- Piecing Together Coverage in Live Events
- People Moves: WTW Reshapes M&A Practice; Starr Names Relationship Leader; Cover Genius Adds 2
- 4 Things Small Businesses Can Do to Protect Against Cyberattacks
- Study Links Cleaner Air to More Atlantic Hurricanes
- Powell Says Fed Will Fix Inflation, Calls Price Stability ‘Bedrock’ of Economy
- TikTok Sued After 10-Year-Old Dies in ‘Blackout Challenge’
- Activist Group Says U.S. Insurers Trying to Weaken Climate-Related Regulations
- U.S. Cities Are Backing Off Banning Facial Recognition as Crime Rises
- Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
- Vehicles With Assisted Driving Systems Struggle With Collision Tests: AAA
- Airbnb Beefing Up Guest Services With Satisfaction Guarantees, AirCover Protection
- Creaky U.S. Power Grid Threatens Progress on Renewables, EVs
- Tesla Fails to Block Its First Jury Trial Over Fatal Crash
- Court Says Musk Recklessly Tweeted ‘Funding Secured’ for Taking Tesla Private
- Major League Baseball Settles Wage Suit by Minors’ Players
- D&O Market Has Most Profitable Year Since 2014 but Results May Be an Anomaly
- Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive
- Face-Scanner Clearview Agrees to Limits in Court Settlement
- Biden Administration Asks U.S. Supreme Court to Shun Bayer Weedkiller Appeal
- Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’
- Inflation, Ukraine War Seen as Chief Financial Risks
- Elephant Insurance Reports Data Breach
- Tesla Recalls 130,000 Vehicles Over Touchscreen Display Malfunction
- Global Banks Flee the Monster SPAC Market They Helped Create
- U.S. SEC Gives Public Until June 17 to Weigh In on Climate Risk Proposal
- S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes
- Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal
- Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
- Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data
- Tesla, Echoing Musk, Says ESG Metrics Are ‘Fundamentally Flawed’
- AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season
- Intuit to Pay $141 Million to Settle TurboTax Deception Claims
- Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation
- Bird Flu Outbreak Nears Worst Ever in U.S. With 37 Million Dead Chickens
- People Moves: Zurich Adds Sustainability Posts; Pie Attracts 4 Execs; Big ‘I’ Names Invest Chief
- Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA
- DOJ Antitrust Chief Warns S&P Global Over Insurer Ratings Tweak
- Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino
- Under Scrutiny, Some Telehealth Firms Are Rethinking ADHD Drugs
- Markel Co-CEO Whitt to Retire Next Year
- Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results
- Juul Can’t Escape Trial in Youth Vaping Marketing Suits
- Insurance Technology: InsuredMine Integrates With HawkSoft; Betterview Adds RedZone’s Wildfire Data; CyberCube to Create Cyber Tool for Majesco
- White House to Boost Support for Quantum Technology While Boosting Cybersecurity
- Judge Lets Tulsa Race Massacre Reparations Lawsuit Proceed
- Bayer Faces Roundup Weedkiller Trial Featuring Ex-Monsanto CEO’s Testimony
- Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism
- Report Forecasts ‘Above-Normal’ U.S. Wildfire Season, Worse in Drought-Plagued West
- FEMA Contractors Not Liable for Misrepresentations About Flood Risk
- AIG Q1 Net Income Up as Underwriting Profit Soars
- U.S. SEC Ramps Up Crypto Fraud Oversight by Adding 20 Employees
- Insurance Technology: Aon and Paypal, Applied Systems, and iink Address Digital Payments
- Teva Pharma Sees Nationwide U.S. Opioid Settlement in 2022
- 35% of Workplace Injuries Occur During First Year: Travelers
- Bird Flu Forces Free-Range Chickens Into Lockdown, From Pennsylvania to France
- U.S. Solar Industry Warns of Slowdown Due to Supply Chain Disruptions, Tariff Uncertainty
- State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event
- Judges Skeptical as Purdue Seeks Revival of Sackler Liability Shield in Bankruptcy Deal
- People Moves: WTW Grows Relations Team; Liberty Mutual Names 3 Execs; BHSI Promotes Reid; Waters Takes FM Global Climate Post; Doroff Heads Mosaic Claims
- U.S. Nuclear Agency Seeks Documentation on Quake Safety of New Reactor Design
- Plant-Based Meat Firm Accuses Beyond Meat, Dunkin’ of Trademark Breach Over Slogan
- Supreme Court Rules Against Discrimination Claim for Emotional Distress
- McKinsey Chief Says Firm Failed to Identify Opioid Epidemic
- Berkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate Disclosures
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