National News for September 2023
- US Supreme Court Takes Up Case Over Corporate Trend Disclosures
- Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
- People Moves: AIG Appoints Walsh as Executive Vice President and General Counsel
- Philips Shares Decline After Reports It Responded Late to Apnea Warnings
- Tesla Sued by US Agency Over Alleged Harassment of Black Factory Workers
- PE Companies Bain Capital and TPG Weigh Deal for Advent’s CCC Insurance Software
- A Hidden Climate Danger Threatens Coastal Communities With Toxic Chemicals
- Looming Government Shutdown Would Halt NFIP Flood Policies, Disrupting Home Sales
- Ronda Named CEO of Howden Tiger
- Markets/Coverages: Bold Penguin Partnering With NEXT Insurance
- PE Firms Weigh Options for $16 Billion AssuredPartners
- Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers
- Marsh McLennan Asks Court to Revisit Data Breach Ruling to Avoid Flood of Litigation
- If New Cars Are Safer, Why Are Fatalities on the Rise?
- McKinsey Agrees to Pay $230 Million to Settle More Opioid Suits
- Kia, Hyundai Recall Over 3 Million Vehicles for Fire Risks
- Rising Claims Costs Limit US P/C Profitability in 2023
- Businesses Unprepared for Cyberattacks Despite Steady Concern
- Target Closes Nine NYC, West Coast Stores to Stop Losses From Rising Theft
- Judge Refuses to Block Venture Capital Fund’s Grants for Black Women
- Update: FTC Sues Amazon.com for Breaking Antitrust Law and Harming Consumers
- JPMorgan Settles Epstein Lawsuit With US Virgin Islands for $75 Million
- Cough Syrup Deaths Overseas Prompt US Crackdown on Toxic Testing
- James River Sells Individual Risk Workers Comp Renewal Rights to Amynta Group
- Three-Quarters of Firms Globally Are Not Ready for New ESG Rules: KPMG Report
- People Moves: AIG Appoints Dandridge Chief Marketing, Communications Officer; Heck New NAMIC Chair
- Thomson Reuters AI Copyright Dispute Must Go to Trial, Judge Says
- Conservative Activist Uses Civil War-Era Law to Challenge Corporate Diversity
- OpenAI CEO: Possible to Get Regulation Wrong, but Should Not Fear it
- FTC Poised to Sue Amazon for Antitrust Violations
- Tech Startups in US, France, Germany Help in Fight Against Wildfires
- US Energy Regulator Recommends Revising Reliability Standards for Extreme Weather
- US Wildfire Fighters Are Hitting a Pay Cliff at the Worst Time
- EEOC Sues UPS, Alleging Discrimination Against Deaf Drivers
- AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues
- Spyware Hacking of Egyptian Oppo Leader Prompts Updates from Apple
- FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds
- Viewpoint: Solving Systemic Risk Is the Cyber Market’s Number One Priority
- Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet
- T-Mobile Glitch Showed Customer Data to Wrong Account Holders
- Next Insurance Offering Allows Agents to Customize Small Business Quotes
- As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
- Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
- Openly Secures $100 Million in Series D Funding
- Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
- MGM Resorts Recovers From Cyberattack, but Still No Digital Room Keys
- John Grisham, Other Top Authors Sue OpenAI Over Copyrights
- Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight
- Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
- Social Security Demands Billions From Workers’ Comp Recipients, Others for Overpayments
- US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing
- United Airlines Is Latest to Discover Bogus Parts in Plane Engines
- US Federal Agencies Aim to Streamline ‘Hodgepodge’ of Cyber Reporting Rules
- Eli Lilly Sues Businesses Selling Knockoff Versions of Mounjaro
- US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report
- Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
- Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
- Markets/Coverages: Canopius Expands Into US Excess Casualty Market
- Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says
- Viewpoint: IT Asset Disposition Is Growing Cyber Security Threat for All Organizations
- Product Liability Cases on the Rise: Lex Machina
- AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist
- Clorox’s First-Quarter Results Could See ‘Material Impact’ From Cyber Attack
- Regulators Move to Stop Greenwashing Before It Gets Worse
- PE Firm Advent Eyes Sale of Car Insurance Software Vendor CCC: Sources
- Hippo Investors Call for Strategic Review by Board, Other Actions
- The Hartford Launches Digital Submission Capabilities for Midsize And Large Accounts
- Group in Casino Hacks Skilled at Duping Workers for Access
- On the Road Again: Rate Drops of People Working From Home
- J.D. Power: Auto Insurance Shopping Reaches All-Time High
- People Moves: Embroker Appoints Linetsky as Chief Technology Officer; Colonial Surety Names Grzelak CFO
- Report Examines Hot Summer Days Linked to Climate Change in U.S. Cities
- Food Recalls Are Pretty Common for Things Like Rocks, Insects and Plastic
- J&J, P&G Sued After FDA Panel Ruling on Cold Medicine Decongestant
- Caesars Entertainment Paid Millions to Hackers in Attack
- For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
- USDA Expands Whole Farm Revenue Protection, Micro Farm Insurance Plans
- Policygenius Finds Average Home Insurance Prices Up 21%
- People Moves: Former CSAA CEO Troy Joins USAA; Big ‘I’ Installs McBride as New Chairman; Dagostino AXA XL’s Global Cyber CUO, Commercial
- Walmart Sued by EEOC Over Test That Screened Out Disabled Workers
- APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending
- Delta, United Must Face Class Action Over US Airfares
- MGM Hack Has Vegas Hotels Resorting to Cash Bars, Paper Vouchers
- US Already Sets Record for Yearly Billion-Dollar Weather Disasters
- Google’s Search Dominance Challenged in Biggest Antitrust Trial in Decades
- People Moves: RT Specialty Promotes Mitchell to President of Workers’ Comp Practice; Wu Joins Axis as Head of N.A. Specialty Markets Distribution
- Pulitzer Winner Chabon, Other Authors Sue Meta Over AI Program
- Hyundai, Kia Urge Court to Reject Cities’ TikTok-Inspired Theft Lawsuits
- FM Global Clients to Get Share of $350M ‘Resilience Credit’
- Doctor Asks Court to Toss J&J Lawsuit Against Her Over Cancer Research
- Wait ‘Til 2025: The Hartford Won’t See Auto Profit Next Year
- Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView
- Judge in $6 Billion 3M Settlement Issues Order to Stop Litigation Funding
- First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022
- Q2 US Commercial Lines Prices Up 6.1%: WTW
- Executives Go Quiet on Diversity After Affirmative Action Ruling
- Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort
- KKR Invests Additional $1 Billion in USI to Become Largest Shareholder
- Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk
- Non-Life Insurers’ Profits to See Boost From Higher Rates
- SpaceX’s Starship Probe Ends With 63 Regulatory Fixes
- Lee’s Rapid Growth Rewriting Hurricane Rule Book
- After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week
- Viewpoint: Six Ways to Stop Burning Man From Becoming ‘Muddy Man’ Next Year
- Kroger to Pay Up to $1.4 Billion to Resolve Opioid Lawsuits
- Microsoft to Defend Customers on AI Copyright Challenges
- Hurricane Lee Strengthens to Category 5 Storm
- Facebook Settlement Lawyers Want ‘Nick Bosa Money,’ Judge Says
- People Moves: Fato to Assume Newly Created Vice Chair Role at AIG; Johnson Joins Insurance Quantified as Strategic Advisor
- Walgreens to Pay $44 Million to Settle Theranos Fraud Claims
- FEMA Names Nearly 500 US Communities as ‘Resilience Zones’
- APCIA, RAA Testify Before Senate Committee on Property Insurance Market
- Philips to Pay at Least $479 Million For Apnea Machine Cases
- Microsoft Says Compromise of Engineer’s Account Led to Chinese Hack of US Officials
- New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims
- The Care and Feeding of Property-Catastrophe Models
- People Moves: Nutter to Retire as RAA President; Covington Appointed to Take the Helm
- E&S Market Lines Expand, Outperform Broader P/C in 2022
- Atlantic Storm Lee Set to Explode in Strength
- Google Tentatively Settles States’ Play Store Antitrust Suit
- 52 Million Air Bag Inflators Should Be Recalled Over Rupture Threat: NHTSA
- US Homebuyers Weigh Climate Risk in Picking a House, Zillow Says
- Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re
- People Moves: Starr Names Magee VP, Int’l Head of Financial Lines & Professional Liability; Hub Int’l Taps Hartman as EVP, Strategic Client Service Operation
- Return-to-Office Is $1.3 Trillion Problem Few Have Figured Out
- Report: Climate Change Boosts Risk of Extreme Wildfires 25%
- Ford to Replace Rear Cameras in New Recall
- FTC Wins Ruling in Deceptive Advertising Case Against Intuit
- AI Fused With Trade Data May Finally Smooth Clunky Supply Chains
- RMS, Verisk Weigh in With Insured-Loss Estimates in Low Billions of Dollars From Idalia
- How Much Would Carbon Damage Cost if Corporations Paid for Their Emissions?
- USDA Introduces New Grapevine Insurance Program
- Symington Officially Takes Over as New CEO of Big I
- Critics of Workplace Diversity Efforts Eye Civil War-Era Law
- Visual Artists Fight Back Against AI Companies for Repurposing Their Work
- About $2.2B Insured Losses From Hurricane Idalia, Says KCC
- Tesla Braces For Its First Trial Involving Autopilot Fatality
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