National News for February 2024
- Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
- Destination Progressive… or One of These Other Carriers
- Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch
- Lawsuit by Elon Musk’s X Against Hate Speech Watchdog Heads to Court
- Insurance Journal’s Jergler Named Editor of Claims Journal
- UnitedHealth Faces Antitrust Probe by US Justice Department
- UnitedHealth Hackers Say They Stole ‘Millions’ of Records, Then Delete Statement
- Over 44,400 Lives Lost Due to US Vehicle Crashes in 2023
- US, Philippines Pay Highest Economic Price for Climate-Fueled Weather
- EPA Directs $1 Billion to 25 Superfund Hazardous Waste Cleanups
- FAA Criticizes Boeing, Says it Wants a Plan in 90 Days to Address Quality Problems
- False Claims Act Cases Resulted in $2.7B in Fiscal Year 2023: DOJ
- Change Healthcare Cyberattack Is Still Disrupting Pharmacies, Other Providers
- OpenAI Says New York Times ‘Hacked’ ChatGPT to Build Copyright Lawsuit
- Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’
- FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
- People Moves: Heaton Named Chief Operating Officer of Markel Group
- MGM Resorts Says Regulators Probing September Cyberattack
- US Pharmacy Outage Triggered by ‘Blackcat’ Ransomware at UnitedHealth Unit: Sources
- Verisk’s Annual Profit Forecast Falls Short Amid Spending Uncertainty
- Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack
- GM’s Cruise Prepares to Resume Robotaxi Testing After Halt
- Warren Buffett Says Berkshire ‘Built to Last’ Though Eye-Popping Gains Are Over
- GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts
- Agents, Brokers Achieve Record Annual Growth in 2023
- Universities Settle Financial-Aid Antitrust Lawsuit for $166M
- UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders
- SEC Drops Some Emissions Disclosure Requirements From Draft Climate Rules
- Fitch: Homeowners Insurers’ Results to Improve In 2024
- 3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
- AT&T Restores Service After Hours of Outage
- American Airlines Must Face Lawsuit Over ESG Retirement Investing
- Insurtech Root Inc. Results Improve but Remain at a Net Loss
- That’s Gonna Leave a Mark: Large-Hail Days Hit Two-Decade High in 2023
- Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024
- Russia’s LockBit Disrupted But Not Dead, Hacking Experts Warn
- Insurers’ LNG Support at Odds With Their Climate Ambition, Report Says
- Aon-NFP Deal Clears Antitrust Hurdle
- ‘AI Godfather’, Others Urge More Deepfake Regulation in Open Letter
- People Moves: Lockton Names Goldenberg Executive Vice President, Operations; Elder Promoted to Global CUO, Specialty at AXA XL
- Biden Seeks to Bolster Port Cybersecurity With Executive Order
- Lockbit Hackers’ Swagger on Display After Police Leak Identities Online
- Autonomous Truck Market Surging, Study Finds
- FuboTV Files Antitrust Lawsuit to Block Disney, Fox, Warner Sports Streaming Deal
- Supreme Court Leaves Intact Elite School’s Diversity Policy
- Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance
- FTX Investors Sue Sullivan & Cromwell, Say Law Firm Aided Fraud
- Remote Workers Often First to Get Laid Off Despite Legal Risk
- Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R
- Amazon Joins Companies Arguing NLRB Is Unconstitutional
- FBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang
- JPMorgan, State Street Quit Climate Group, BlackRock Steps Back
- Waymo Recalls 444 Self-Driving Vehicles Over Software Error
- US Offers Up to $10M Reward for Info Leading to Leaders of Notorious Ransomware Gang
- US and Allies Kick Russian Hackers Off Home Routers, FBI Says
- Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture
- Hackers Exploit Ad Tools to Track Victims, Boosting Scam Efforts
- Allstate Reports $276M in January Cat Losses, Updates Rate Increases
- Despite Deepfake and Bias Risks, AI Is Still Useful in Finance, Firms Told
- Oracle Women Fought 7 Years for Equity, Only to Win an Extra Paycheck or Two
- Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
- Tinder, Other Match Dating Apps Encourage Compulsive Use, Lawsuit Claims
- Regulators to Review Power System Performance During Recent Winter Storms
- Microsoft Says it Caught Hackers From China, Russia and Iran Using its AI Tools
- Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode on Rate Cuts
- Markets/Coverages: Marsh’s D&O Facility Provides Up to $75M of Capacity
- Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
- US Seeks More Than $1 Billion From Collapsed SVB for Taxes
- Prudential Reports Unauthorized Access to Its Computer Systems
- Commercial Real Estate Trouble Evident in Fading Downtown Construction
- AIG General Insurance Q4 Income Up 19% on Underwriting, Investments
- Viewpoint: The Cyber Risk Pendulum
- Nearly 75% of Employers Don’t Have AI Protocols for Internal Communications: Study
- People Moves: JM Wilson Makes New Hires and Promotions Nationwide
- Robot Invasion Hit a Bump in 2023 as North American Economy Cooled
- Build-A-Bear, Maker of Warren Buffett’s Squishmallows Face Off in Court
- What’s to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
- Dartmouth Basketball Players’ Labor Victory Only Start of Path to Union Deal
- SEC Hits More Wall Street Firms With $81M in Fines Over Record-Keeping
- Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023
- The Odds of a Hurricane-Boosting La Niña This Year Are Rising
- Judge Orders Elon Musk to Testify in SEC’s Twitter Probe
- Amazon Staff Allege Retaliation in Pay Gap Discrimination Suit
- Jacobson: Survey Shows ‘A Significant Pause’ in Industry Job Growth
- Amazon Steers Consumers to Higher-Priced Items, Lawsuit Claims
- Top AI Companies Join Government Effort to Set Safety Standards
- The Oil Was From Iran. The Insurance Was From New York
- Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023
- Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record
- Weekly Q4 2023 Earnings Wrap: CNA, Cincinnati Financial, American Financial
- People Moves: Inglis Elected to AIG’s Board of Directors; DUAL North America Names Sherry Head of Transactional Risk
- Supreme Court in UBS Case Makes it Easier for Whistleblowers to Win Suits
- Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite
- Chinese Hacking Campaign Aimed at Critical Infrastructure Goes Back 5 Years
- US Court Cancels Approvals for Widely Used Dicamba Weedkillers
- NBA Sued Over Deal With Failed Crypto Exchange Voyager
- Fired ‘Mandalorian’ Actor Sues Disney With Funding From Elon Musk
- Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases
- Ransomware Hackers Stole More Than $1 Billion in 2023
- Google Calls Out Spyware Firms and Advocates for Tighter Regulation
- NFL Diversity Policies Are Racist, Conservative Group Says
- Category 6? As Warming Stokes Storms, Some Want a Bigger Hurricane Category
- Markets/Coverages: Upland Starts Pro Liability E&O, Excess Cyber
- Boeing 737 in Alaska Air Accident Was Missing Bolts, US Says
- Creators of Biden Audio Deepfake Face Potential Charges
- Honda Recalls 750,000 Vehicles Over Air Bag Defect
- SpaceX Accused of Sexual Harassment as Fight With Ex-Employees Intensifies
- Markets/Coverages: Amwins Underwriting, Lancer Partner on Trucking Programs
- Bank Groups Sue US Regulators to Halt Anti-Redlining Rules
- Viewpoint: 5 Global Insurance Trends You Need to Know About in 2024
- US Appeals Court Finds Bayer Not Shielded From Roundup Lawsuits
- Tesla Runs Afoul of Font-Size Rule in 2.2 Million Electric Cars
- Marsh: US Commercial Lines Rates Up 3% in Q4 2023
- EquiLend Restores Some Services After Cybersecurity Incident
- Report: Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes
- Hedge Funds’ Mega Returns Set Off Demand Spiral for Catastrophe Bonds
- Liberty Mutual to Eliminate 250 Positions
- Crash Tests Indicate Nation’s Guardrail System Can’t Handle Heavy Electric Vehicles
- NHTSA Upgrades Probe Into Tesla Power Steering Loss
- Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective
- Appeals Court Overturns $366M FedEx Race Bias Verdict
- Cargo Thefts Up 59%, Misdirection Top Threat: CargoNet
- Cloudflare Says State-Backed Hackers Tried to Burrow Into its Global Network
- People Moves: AXA XL Names Chia Cyber CUO, Americas; Chubb Appoints Gillston Head of North America Industry Practices; Sheckells to Lead Alera HR Team
- Tesla Drops Minority-Worker Language After Musk’s Rants Over Diversity Initiatives
- GSK Settles Another Zantac Lawsuit; Terms Confidential
- Markets/Coverages: Brace Underwriting Launches Brace USA
- Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend
- Boeing Is Sued by Shareholders Following MAX 9 Blowout
- Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
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