National News for January 2023
- U.S. Court Rejects J&J Bankruptcy Strategy for Thousands of Talc Lawsuits
- Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
- Ranks of Quiet Quitters Climb as Layoffs Mount
- Coalition Launches Full-Stack Cyber Insurer for SMBs
- Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices
- AIG Fires Interim CFO Lyons
- S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023
- W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’
- U.S. and EU to Launch First-of-its-Kind AI Agreement
- Markets/Coverages: WTW Launches Cyber Facility, Providing Excess Capacity Globally
- Twitter Asks Judge to Toss Out Proposed Sex Bias Class Action
- Musk Faces SEC Probe for Role in Tesla Self-Driving Claims
- Ford Recalls 462,000 Vehicles for Rear Camera Display Failure
- January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
- Report on Mass Shootings Urges Workplace Violence Prevention Plans
- ‘A Tale of Two Halves’ for 2022’s Insurance Mergers and Acquisitions
- U.S. Says It ‘Hacked the Hackers’ to Bring Down Hive Ransomware Gang
- Tesla, Insurers Address Expensive Repairs in Sharply Different Ways
- Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability
- Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks
- Anti-Sexual Harassment Organization, Times Up, Shifts Resources to Legal Fund
- Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
- Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030
- Shareholders Can Sue McDonald’s Ex-Executive in Landmark Ruling
- FBI Says N. Korea-Related Hacker Group Behind Crypto Firm Heist
- Report Says Social Inflation Adds Up to 11% to Physician Malpractice Claims
- A Class-Action Wave Is Coming for ESG Claims
- Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program
- FDA Proposes New Limits on Lead in Baby Foods
- US Targets Google’s Online Ad Business Monopoly in Latest Big Tech Lawsuit
- Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
- Auto Insurance Shopping – and Switching – Increases
- At-Bay Acquires Licensed P&C Insurance Carrier
- Q4 Net Income at Travelers Falls 39%
- DOJ Poised to Sue Google Over Digital Ad Market Dominance
- People Moves: Marshall & Sterling New Senior Leadership; Rock Hired as Trium Cyber Claims Chief; Nexus Nabs Product Recall Specialist Darlea
- Judge Dismisses Whole Foods Workers’ Lawsuit Over ‘Black Lives Matter’ Masks
- Consumer Reports Urges Dark Chocolate Makers to Reduce Lead, Cadmium Levels
- Abbott Faces Criminal Probe Over Baby Formula
- U.S. Closes Ford SUV Exhaust Odor Probe Without Seeking Recall
- Laid Off Tech Workers Are About to Get Help—From Allstate
- Juul Settlement to End Youth-Vaping Lawsuits Gets Initial Approval
- Bayer Sued for Barring Non-U.S. Citizen from Roundup Settlement
- AI Tools Can Create New Images, but Who Is the Real Artist?
- Judge Orders Boeing Arraigned on MAX Fraud Charge
- FAA Says ‘Unintentionally Deleted Files’ Prompted Computer Outage
- People Moves: Law Firm Constangy Expands With New Cyber Team; Kimball Hughes PR Promotes Coyne; NFP Hires Ferreira to Lead Pro Liability
- T-Mobile Investigating Data Breach Involving 37 Million Accounts
- OSHA Says Amazon.com Exposed Workers to Safety Hazards
- U.S. EPA Seeking to Focus on Climate Mitigation
- Deaf Student’s Lawsuit at Center of Supreme Court Case
- Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
- Fox Chief Rupert Murdoch to Be Deposed in $1.6B Dominion Defamation Case
- U.S. Appeals Court to Weigh NCAA Case Over Pay for Athletes
- USDA Rolls Out Rule to Stop Fraud in Organic Food Sales
- Allstate Readies Investors for Q4 Loss of Up to $335M
- FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX U.S. Is Solvent
- Costco Must Face Lawsuit Over ‘Dolphin Safe’ Tuna Claim
- Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
- Duane Morris: 2022 Was a Banner Year for Billion-Dollar Class Action Settlements
- Skyward Specialty Finds 2023 Is Right for IPO
- Warming Trend Continues in 2022 and Expensive Weather Events Pack Punch
- Tesla Video Promoting Self-Driving Was Staged, Engineer Testifies
- Appeals Court Rules Insurers Not Obligated to Defend Distributor of Opioids
- Travelers Estimates Drop in Q4 Income on Winter Storm Losses
- 3D Printing Reaches New Heights With Two-Story Home
- Tesla, Musk Face Trial in Shareholder Case Over 2018 Tweets
- Fires Becoming Deadlier as Firefighter Recruitment Wanes
- High Court Takes 8 New Cases, 1 About a Religious Mailman
- Twitter’s Laid-Off Workers Cannot Pursue Claims Via Class-Action Lawsuit
- Donald Trump’s Company Sentenced to Pay $1.61M Penalty for Tax Fraud
- People Moves: Promotions at Liberty Mutual Commercial Unity; New CEO at Ategrity
- Shareholders Sue Southwest Airlines Over Flight Meltdown
- Revisiting School Safety After Shooting of Virginia Teacher by 6-Year-Old
- NTSB Chair Raises Safety Concerns About Heavy Electric Vehicles
- U.S. Securities Regulator Lists April for Climate Rule Action
- School Lawsuits Over Social Media Harm Face Tough Legal Road
- What’s New in Agency Compensation: Participate in the 2023 Survey
- Crypto Crime Hits Record $20B in 2022, Report Says
- Howden Group Completes Buy of TigerRisk Partners
- U.S. Congress to Investigate FAA Computer Outage That Snarled Flights
- Google Argues it Doesn’t Block Rivals in Bid to Kill U.S. Government Antitrust Lawsuit
- Reinsurers Retreat From U.S. Disaster Hotspots on Climate Risks
- Supreme Court Allows New York’s Revised Gun Carry Law… for Now
- AIG CFO Takes Temporary Medical Leave
- Environmental Risks, Climate Change Ranked as Top Risks Facing Planet: WEF Survey
- Update: U.S. Flight Departures Resume After FAA Lifts Ground Stop
- U.S. Climate Disasters Racked Up $165 Billion in Damage in 2022
- The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?
- Safety Agency to Consider Ban on Gas Stoves Amid Health Fears
- SEC Charges McDonald’s Ex-CEO for Misrepresentations to Investors
- Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
- Root Investigating at Least $9.5M Unauthorized Payments by Former Employee
- Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
- No Coverage for Food Plant’s $2M Cost to Avoid Shutdown, Potential BI Claim
- Teva Says Opioids Settlement to Move Forward
- Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal
- Vista Equity Partners to Buy Duck Creek for $2.6B Cash
- Bankman-Fried Fraud Charges Sidestep Debate Over How U.S. Law Sees Crypto
- M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry
- Judge Approves $11M Fund to Settle Suit Against Zywave
- People Moves: NFP Names Head of N.A. Construction Advisory; New Chief Underwriting Officer at Everspan
- Russian Hackers Targeted U.S. Nuclear Scientists
- Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
- Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts
- U.S. Targets Non-Compete Clauses That Block Workers From Better Jobs
- Twitter Hacked, 200 Million User Email Addresses Leaked, Researcher Says
- Activists Say They’ll Continue to Call out Liberty Mutual for Fossil Fuels
- Peloton to Pay $19M Fine Over Treadmill Hazard
- D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme
- JPMorgan Must Face Suit by Ray-Ban Maker Unit Over Cyber Theft
- Trader Joe’s Sued Over Lead, Cadmium Levels in Dark Chocolate
- As Legal Pot Grows, More Kids Sickened By Edibles at Home
- U.S. FCC Proposes Additional Spectrum for Drone Communications
- CAC Specialty and Cobbs Allen Complete Merger
- Chubb Launches Global Climate Business Unit
- Sam Bankman-Fried Pleads Not Guilty in FTX Fraud Case; October Trial Set
- January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation
- Starbucks Illegally Terminated Union Leader, U.S. Officials Say
- People Moves: Bailey Joins AIG as Global Head of Distribution and Field Operations
- Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn
- Santiago Named RIMS 2023 President
- Southwest Airlines Is Sued for Not Providing Refunds After Meltdown
- Bankruptcy Court Approves $121M Clergy Abuse Settlement
- Cyber Insurance Themes to Look Out for in 2023
- Banks Seek to Quash Women’s Lawsuits in Jeffrey Epstein Case
- U.S. Sues AmerisourceBergen, Says Distributor Helped Ignite Opioid Epidemic
- Boy Scouts, Catholic Dioceses Find Haven From Sex Abuse Suits in Bankruptcy
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