National News for July 2023
- CNA Financial Misses Profit Estimates on Higher P/C Catastrophe Losses
- Q2 Net Income Up 23% at The Hartford, Bolstered by Commercial Lines
- Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh
- Ford Recalls 870,000 F-150 Trucks Over Unexpected Parking Brake Activation
- J&J Effort to Resolve Talc Lawsuits in Bankruptcy Fails a Second Time
- Ways to Mitigate Mobile Home Wind Damage Often Ignored, Even as Deaths Rise
- DOJ Asks Supreme Court to Delay Purdue Pharma Bankruptcy Settlement
- Markets/Coverages: QBE North America, Converge Launch New Cyber Program
- Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
- Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time
- NAIC Releases Highly Anticipated Draft Model Bulletin on Insurers’ AI Use
- Study: Motor Vehicle Thefts Soar in First Half of 2023
- Ocean Temperatures Hit 90 Degrees, Fueling Weather Disasters
- Judge Affirms Letting Coach Flores’ Racial Bias Claims Against NFL Proceed to Trial
- WTW Q2 Net Income Down 16%
- Big ‘I’ Report: Independent Agency Channel Slowly Growing
- Marsh Names Williamson CEO of MGU Business, Victor
- Purdue Pharma’s Bankruptcy, Sackler Family Protection Plan Move Ahead
- People Moves: Schaper Now AIG Global Chief Underwriting Officer; Brough Head of Aspen Marketing, US Distribution; Giannisis is HUB N.A. Property Practice Leader
- 22 States Move to Block 3M’s $10.3 Billion PFAS Deal
- Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home
- Experts Discuss Risks, Opportunities in Emerging Cannabis Products
- SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
- Insurance Technology: Embroker Partners with Dashlane and Cowbell; Betterview and EagleView Launch Property Intelligence Alliance
- Pelican Ventures Invests in Nsure.com
- New Jersey High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack
- Congress Wades Into Self-Driving Debate With New House Bills
- Agency M&A Down 24% in First Half 2023: OPTIS
- Chubb ‘Record’ Q2 Sees Net Income Up 50.7%
- Berkley on Industry’s Financial Results: ‘Cat Losses Count’
- Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court
- Elon Musk to Appeal Loss in SEC Case to Supreme Court
- A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines
- Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
- Litigation Financing: A Dangerous Game or Levels the Courtroom Playing Field?
- People Moves: Germano Named DUAL Casualty Leader; Shaw Joins Axis to Help Lead Specialty Programs; Victor Appoints Cashman President of ICAT
- Donnelly to Lead Marsh Specialty’s Global Business; Sartain Named President Marsh US
- Google Owes $338.7 Million in Chromecast Patent Case, Jury Says
- Some Pro Sports Leagues Have Specific Anti-Hazing Policies, Others Do Not
- Americans Are Moving Toward Climate Danger in Search of Cheaper Homes
- People Moves: Embroker Names Jennings CEO
- Booz Allen Pays $377.5 Million to Settle US Civil Probe
- Auto Claims Inflation Speeds Ahead of Premium Increases
- Specialty P/C Insurers Outperform Their U.S. Peers: Report
- Markets/Coverages: HUB International Launches Platform to Manage Insurance Needs of Franchisors, Fanchisees
- Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
- Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack
- Firms With Flexible-Work Policies Hire Faster Than Those Fully in Office: Research
- The Hanover Insurance Group Estimates Q2 Catastrophe Losses of $262 Million
- FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion
- US Fed Fines Deutsche Bank $186M for Failing to Beef Up Money Laundering Controls
- GOP Attorneys General Shift Battle Over Affirmative Action to Workplace
- Update: Allstate Estimates Catastrophe Losses of $1 Billion in June, $2.7 Billion in Q2
- Marsh McLennan Beats Q2 Profit Estimates on Higher Interest Income
- Travelers’ Q2 Profit Plummets on Historic-Level Catastrophe Losses
- Employees Are Losing Sleep Over Rookie Managers: Research
- AT&T Does Not Intend to Immediately Remove Lead Cables From Lake Tahoe
- Cybersecurity Labeling for Smart Devices Aims to Cut Hacking Vulnerabilities
- Twitter Again Sued Over Severance Pay, Bias During Layoffs
- Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments
- Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires
- US Auto Safety Regulators Open Special Probe Into Fatal Tesla Crash
- China Poses ‘Alarming’ Threat to US Power Grid, Lawmakers Told
- Estee Lauder Hit by Cyber Attack, With Some Business Operations Disrupted
- J&J Must Pay $18.8M to California Cancer Patient in Baby Powder Suit
- Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis
- Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
- Tesla Sues Australia’s Cap-XX Over EV Battery Technology Patents
- People Moves: AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business; Miller Expands US Casualty Team With 2 Hires From Price Forbes
- Travel Essentials: Passport, Money, Bluetooth Luggage Trackers?
- Business Leaders Appear Less Concerned by Cyber Risk: Report
- Tesla Directors Pay $735M to Settle Shareholder Lawsuit Over Excess Compensation
- Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report
- Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses
- Deadly Storms Across US Northeast Bring Floods, Tornado Alerts
- JPMorgan Should Pay $190 Million Over Epstein Ties, US Virgin Islands Says
- Is Automation the Answer to Microbusiness Insurance Profitability?
- Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
- New Air Bag Death Prompts ‘Do Not Drive’ Warning for 2003 Dodge Ram Pickups
- Microsoft Under Fire After Hacks of State and Commerce Departments
- Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
- P/C Market Won’t See Underwriting Profit Until 2024: S&P
- FTC Opens Investigation Into OpenAI Over Misleading Statements
- Bill to Make Big Companies in California Disclose Emissions Worth Watching in All States
- Progressive Returns to Positive Net Income in Q2
- Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud
- People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer; Pelissier Joins Alliant Specialty as SVP
- Viewpoint: The ‘Must-Have’ Features of an Insurance Agency Website
- Twitter Owes Ex-Employees $500M in Severance, Lawsuit Claims
- Severe Weather Causes First-Half 2023 Losses of at Least $1B in Seven States: Report
- Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case
- Chinese Hackers Accessed Government Emails, Microsoft Says
- Delos to Insurers Shedding Wildfire Risk: Send the Homes to Us
- Property Insurers’ Ratings Under Pressure as Risk Rises, Morningstar Says
- No Liability Coverage Owed for Investor Losses Caused by Blue Bell’s Listeria Outbreak
- Report: Top Emerging Liability Trends in the Professional Services Sector
- FDA Classifies Recall of J&J’s Electrosurgical Tools as Most Serious
- Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death
- Gensler Asserts SEC Authority Over Crypto as Opponents Waver
- People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters
- Jurors Urged to Impose Heavy Punitive Damages in J&J Talc Trial
- Insurance Agency EverQuote to Lay Off Nearly 100 Employees
- Markets/Coverages: Zurich Launches Cyber for Middle Market
- Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says
- Automated Weather Insurance Could Offer Help in an Increasingly Hot World
- SVB Financial Sues FDIC to Recover $1.9B Seized in Bank Rescue
- ‘Stoneos’ Cannabis Cookies Look Too Much Like Oreos, Says FTC
- Comedian Sarah Silverman Sues Meta, OpenAI for Copyright Infringement
- Robots Say They Won’t Steal Jobs, Rebel Against Humans
- Why Labor Unions Are Gaining Leverage in Contract Talks With Big Employers
- Musk Claims Lawyers Overbilled in Fight to Make Him Buy Twitter
- Norfolk Southern Looks to Others to Share Blame in February Derailment
- Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout
- World Sees Hottest June on Record as North Atlantic Temperatures Rise
- Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks
- Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures? (Part 2)
- Republican Attorneys General Urge Biden to Drop EPA Emissions Plan
- CSU: Above Average Atlantic Hurricane Season Now Expected
- Viewpoint: What Role Could Insurance Premium Finance Have Played in Recent Bank Failures?
- Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals
- Global Cyber Premiums Could Exceed $50B by 2030
- NHTSA Seeks Updates From Tesla in Autopilot Probe
- Mondelez Voluntarily Recalls Two Varieties of belVita Biscuits
- Liberty Mutual, Auto-Owners See DPW Jump in Q1
- Big I Releases Video Statement From Chairman Costello on Rusbuldt
- Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’
- Twitter Settles Retaliation Claim Over Return to Office Protest
- Skittles Maker Wrigley Settles With Cannabis Company Over Trademark
- Earth Keeps Breaking Temperature Records, Underscoring Dangers of Global Warming
- Court Says Fear Created by Data Breach Suffices for Class-Action to Proceed
- ‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
- Twitter Accused of Ducking a Fight Over Musk’s Mass Layoffs
- NCOIL Writes IRS, FTC on Rules it Says Infringe State Regulation
- Fox Corp Settles Lawsuit With Fired Former Producer for $12M
- People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.; Everest Re Hires Good as CISO
- More Than 17 Million Properties Face Substantial Flood Risk: Study
- Supreme Court to Consider Scope of Workplace Bias Law
- BNSF Railway Wins New Trial in $228M Biometric Case
National News Archives
