National News for March 2023
- People Moves: Corvus Insurance Names Gangu President; Watt New Chief Claims Officer at Axis
- Justice Dept Sues Norfolk Southern Over Ohio Train Derailment
- FEMA Index Offers Closer Look at Social Risks in Disaster Resilience
- Walmart Faces Second Lawsuit This Week Over Treatment of Workers
- Less Than Half of US Workers Use All Their Vacation Days
- Activist Group Calling for Immediate Halt to Insuring Fossil Fuels
- $264M Offered for Gulf Oil Under Climate Compromise
- Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
- Vista Equity Partners Completes $2.6B Buy of Duck Creek Technologies
- Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices
- Fed Official Tells Congress Many to Blame for Silicon Valley Bank Failure
- Ex-Tesla Worker Testifies That Race Bias Made Him ‘Feel Less Than a Man’
- AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4
- Taking Care of Business: Opportunities Within Soft Workers’ Comp Market
- North Korean Hackers Posed as NY Times, Voice of America Staff
- NHTSA Opens Investigation Into Tesla Seat Belts Coming Loose
- People Moves: FM Global Leadership Appointments; INSUREtrust Names Levy EVP; W. R. Berkley Hires President of Berkley Luxury Group
- APCIA Says Property Insurance Market ‘Hardest in a Generation’
- At Least 50 U.S. Government Employees Hit With Spyware, Prompting New Rules
- Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections
- TikTok Represents ‘Strategic’ Challenge, Says Top Cyber Official
- Alphabet Seeks Dismissal of Antitrust Lawsuit Over Google’s Online Ads
- Climate Activists Tell Insurance CEOs to Stop Covering Carbon Projects ‘Immediately’
- Regulator Sues Top Crypto Exchange Binance, CEO for ‘Willful Evasion’
- FDIC Is Probing Management’s Conduct in SVB, Signature Bank Failures
- Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand
- Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings
- Juul, Altria Face First Trial Over Claims of Marketing E-Cigarettes to Teens
- Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut
- D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
- WCRI: Injured Workers’ Emergency Room Use Varies Widely by State
- Hyundai, Kia Warn 570,000 US Owners to Park Outside Due to Fire Risk
- Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry
- Banks, Financial Industry Hit by Rising Ransomware Attacks
- High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022
- More Deaths, Injuries Linked to Recalled Eyedrops
- TikTok Attacked for China Ties as US Lawmakers Push for Ban
- Yellen Says US Prepared for Additional Deposit Actions If Needed
- Lindsay Lohan, Other Celebs Settle With SEC Over Crypto Case
- Insurtech Kin Increases Series D Funding Round to $109 Million
- EPIC Insurance Brokers & Consultants Forms Insurance Capital Solutions Group
- U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns
- U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
- GM Must Face Class Actions Over Defective Transmissions
- Supreme Court Chews on Jack Daniel’s Fight Against Parody Dog Toy
- J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy
- Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
- Zuckerberg, Meta Are Sued for Failing to Address Sex Trafficking, Child Exploitation
- Former AIG CEO Duperreault Joins Board of InsurTech Joyn
- Supreme Court Divided Over Coinbase Arbitration Dispute
- People Moves: WKFC Promotes Singhvi to President, Bauer to COO; AmTrust Adds Surian, White to Commercial Team
- Female Gig Workers Face 32% Average Pay Gap
- Rite Aid Faces Securities Suit Over Allegedly Filling Unlawful Opioid Prescriptions
- U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows
- Fox, Dominion Pursue Pretrial Wins in $1.6B Defamation Case
- Too Soon for ‘All Clear’ in D&O Insurance Market as Banks Fall
- WCRI: Consolidation of Health Care Driving Up Prices in Work Comp
- States Urge Hyundai, Kia to Do More to Tackle Theft Risk
- Norfolk Southern Shareholders Sue Over Ohio Derailment
- Scratched EV Battery? Your Insurer May Be Forced to Junk the Whole Car
- In Supreme Court Jack Daniel’s Case, a Free Speech Fight Over a Dog Toy
- Banking Failures Are Hitting Weed Companies, Too
- FTC Asks Social Media, Video Streaming Firms Info on Misleading Ads
- Warren Buffett in Contact With Biden Team on Banking Crisis
- Biden’s Antitrust Push Across Agencies Is Working to Block Deals
- Crypto Is Finally Getting Its First Supreme Court Appearance
- Heavier Vehicles, Distracted Drivers Impacting Claim Severity
- Tesla Not Entitled to More Info About Race Bias Probe
- People Moves: QBE North America Promotes Foley to Pres. Commercial Insurance; Browne to Lead AGCS Specialty Business
- Honda Recalling 500,000 Vehicles to Fix Seat Belt Problem
- Mexico Launches Appeal in Suit Against U.S. Gun Makers
- Survey: Insurance Often a Blind Spot for Small Businesses
- Progressive More Than Doubles Feb. Income, Reports Investments With Failed Banks
- U.S. Senate Majority Leader Urges Federal Safety Probe Into All Major Freight Railroads
- Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
- Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules
- Green Groups Sue Biden Admin Over Approval of Alaska Willow Oil Project
- Government’s SVB Intervention Saved Insurers From Significant D&O Claims
- Signature Bank Hit With Investor Suit Over Failure
- Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse
- Buttigieg Says Recent U.S. Aviation Close Calls ‘Deeply Troubling’
- SVB’s Lack of Risk Officer Emerges as Focus in Fed Probe
- Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer
- U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
- Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis
- Court Rules Uber, Lyft Can Classify Gig Workers as Contractors
- Zuckerberg Was Warned on Social Media Addiction, Filing Says
- Viewpoint: Silicon Valley Bank’s Failure in Risk Management
- U.S. Sues Rite Aid for Missing Opioid Red Flags
- Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action
- La Nina Is Gone. These Were the Deadly Storms During its Run
- China Is ‘Big Threat’ to Energy Industry, Cybersecurity Official Says
- U.S. Announces it Will Stem SVB Fallout, Customers to Have Deposit Access
- U.S. Chamber of Commerce Calls for AI Regulation
- A Major Bank Failed. Here’s Why It’s Not 2008 Again
- U.S. Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia
- Crash Test Dummies Need to Do Better: GAO
- Raising the Curtain on the Recovery and Risks in the Entertainment Industry
- Over One Million Vehicles Reported Stolen in 2022
- 2022 In Review: It Was Bad
- Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
- Viewpoint: Stronger Building Standards Must Be the Norm
- JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit
- Ex-Blue Bell CEO to Plead Guilty to Misdemeanor Over 2015 Listeria Outbreak
- Rite Aid Not Liable in Warehouse Shooting That Killed 3 Workers
- TSA Adds New Cybersecurity Regulations to Address Persistent Threats
- Significant Hack Potentially Exposes US Lawmakers’ Personal Data
- FDA: Two More Eyedrop Brands Recalled Due to Risks
- Safety Agency Opens Probe of Norfolk Southern Rail Accidents
- Crypto-Focused Bank Silvergate Plans to Wind Down Following Blow From FTX
- The Hack That Upended Derivatives Trading Spurs Calls for Action
- Women Still Underrepresented in Agency Leadership: Survey
- EPA to Propose Limits on Toxic ‘Forever Chemicals’ in Drinking Water
- NHTSA Opens Tesla Probe Into Reports Steering Wheels Fell Off
- Telematics Master Class: How Progressive Offers Competitive Prices
- People Moves: Ryan Hired to Lead AGCS North America; Goosehead Leadership Promotions; New Private Equity Head at LSM
- Insurance Leaders Gather for Discussions on Charitable Giving, Impact of Initiatives
- JetBlue’s $3.8 Billion Spirit Deal Challenged in DOJ Antitrust Suit
- Yellen Warns Climate Change Could Trigger Asset Value Losses, Harming Economy
- FTX’s Crash Exposes Insurance Black Hole That Risks Impeding Crypto Sector Recovery
- NY Fed Says Supply Chain Pressures Normalized in February
- Biden’s Cyber Plan Would Hold Software Makers Responsible in Hacks
- Norfolk Plans to Add More Detectors to Catch Overheated Bearings
- States Must Include Cybersecurity in Water System Audits, EPA Says
- Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills
- Tesla Recalls 3,470 Model Y Vehicles Over Loose Bolts
- P/C Carriers Losing Ground to MGAs in Talent War
- Paramount Global Settles Shareholder Suit for $122.5 Million
- Justice Dept Wants Execs to Foot Bill for Corporate Misconduct
- Harford Mutual Insurance Group Announces Merger Plan with ClearPath Mutual
- Ford Recalls 98,500 Ranger Trucks Over Replacement Air Bag Inflators
- U.S. Marshals Computer System Hit by Ransomware Attack
- EEOC Sues Exxon for Discrimination After Nooses Found at Plant
- PLUS Panelists Warn Insurers Not to Get Comfortable Riding the Cyber Rollercoaster
- SoCal Storms, Back-to-Back Hurricanes in South Central Part of New Normal?
- White House Releases New National Cybersecurity Strategy
- People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
- Root Inc. Says CFO ‘Terminated for Cause’
- NFL Must Face Racial Bias Claims in Open Court, Judge Rules
- Lawsuit Dismissed Over McDonald’s Board’s Severance Pay to Fired CEO
- Call Me, Maybe? The Stealth Disappearance of Social Engineering and Fraudulent Instruction Coverage
- Ryan Specialty Posts 54% Jump in Q4 Net Income
- Exxon Broke Rules With Late Reporting of Methane Leak
- Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough
- Drivers Killed One Pedestrian Every 75 Minutes in H1 2022
- State Farm P/C Businesses Report $13B Underwriting Loss
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