National News for November 2023
- Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
- Meta Asks Appeals Court to Tell FTC it Cannot Reopen Privacy Case
- Leadership Changes at The Hartford With New Heads of Commercial, Personal Lines
- AM Best: Adverse Results Linger For Nonstandard Auto
- Q3 2023 Signals Six Years of Premium Increases for Commercial Lines: CIAB
- Insurtechs Unite to Launch InsurTech Coalition
- Ransomware Prompts Multistate Hospital Chain to Divert Some ER Patients
- Alleged Leader of Multi-State Auto Fraud Ring Arrested in Florida After 4 Years in Hiding
- Okta Says Hackers Stole Data for All Customer Support Users
- AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
- LexisNexis: Auto Insurance Shopping Slows but Still Remains Elevated
- Chubb Survey of Middle-Market Brokers Finds Lack of Awareness of Flood Risk
- Buffett Gave Tribute to Partner and Friend Munger in Latest Annual Report
- Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99
- Chubb Launches Client Methane Resource Center
- MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency
- 3M, DuPont Defeat Massive Class Action Over Forever Chemicals
- US Warns of Growing Threats to Ships Sailing Through Red Sea
- NCOIL Names New Officers at Annual Meeting
- US, Britain, Other Countries Ink Agreement to Make AI ‘Secure by Design’
- Federal Cyber Insurance Backstop Is Warranted With Focus on Catastrophic Risk
- White House Touts New Supply Chain Measures as Inflation Eases
- Biden’s Clean Energy Agenda Faces Mounting Headwinds
- Honda Recalls Select Accords, HR-Vs Over Missing Seat Belt Piece
- US Labor Board Files Complaint Against Mozilla for Refusing to Hire Apple Activist
- SCOTUS to Hear Purdue Pharma Settlement Plan That’s Dividing Opioid Victims
- Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
- Beware! Thanksgiving Risks to Watch
- Corporate America Is Rethinking Diversity Hiring as Legal Challenges Rise
- Binance Was Used to Funnel Money to Hamas, Other Militant Groups
- AM Best: Number of P/C Gross Impairments Falls in 2022; No Net Impairments
- Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs
- Judge Finds Evidence That Tesla, Musk Knew About Autopilot Defect
- Thanksgiving Cargo Theft Threat ‘Extremely High’: CargoNet
- X Corp. Loses Fight to End FTC Privacy Oversight
- Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.
- Schools Look to Improve Cybersecurity, but Many Vulnerable to Ransomware
- US Is Seeking More Than $4 Billion From Binance to End Case
- NHTSA Probes Hyundai, Kia Recall Into 6.4 Million Vehicles Over Fire Risks
- People Moves: Hagerty to Head US Retail Property at Everest Insurance; AIG Hires Navagamuwa as Chief Information Officer
- Best Agency to Work For – Overall Winner: Mackoul Risk Associates
- SEC Signals It May Curb Climate Rule Ambitions
- Nationwide: Gap Between Agents, Commercial Clients View of Severe Weather
- Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money
- Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller
- FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward
- Amwins Completes $1 Billion Recapitalization Transaction
- What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
- J&J Settles First Talc Cases to Go to Trial After Failed Bankruptcies
- Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts
- Fortune 500 Vulnerabilities to Third-Party Cloud Risk Could Result in $20B Loss
- US Climate Report Shows Rising Temps, Greenhouse Gas Emissions Headed Down
- Letting People Work From Home Is Good for Companies’ Revenue Growth
- White House Proposes Transportation, Commerce Agencies Handle Space Regulations
- Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
- Root Inc. Files for Default in Litigation Against Jailed Former CMO
- US Political Violence Driven by New Breed of ‘Grab-Bag’ Extremists
- Staffing Shortages, Outdated Facilities Threaten US Air Safety
- Clorox Cyber Chief Leaves While Company Recovers From Devastating Hack
- US SEC Enforcement Collected Nearly $5B in Financial Remedies Last Year
- Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best
- Putting AI to Work Within the ‘Digital Round Trip’: Applied Systems CEO
- NOAA: U.S. Withstands Record 25 Disasters in 2023
- People Moves: Balch Now President of Berkley Technology Underwriters; Lieberman to Lead Lockton’s US Financial Services Claims
- US Contractors, Insurers Overlooking Some Safety Improvements in Construction
- Viewpoint: Proposed Flood Zone Expansion Would Increase Need for Private Insurance
- ICBC Flies Top Executives to US in Race to Contain Hack Fallout
- Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey
- Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed
- Travelers Webinar Focuses on Connecting Gen Z, Independent Agents
- Dash Cams in Fleet Vehicles are Key to Avoiding Nuclear Verdicts, Risk Managers Say
- At SpaceX, Worker Injuries Soar in Elon Musk’s Rush to Mars
- Hamilton Insurance Shares Rise 1.7% in NYSE Debut
- People Moves: Marsh Names Kowell Marine, Cargo and Logistics Practice Leader, US and Canada; WTW Appoints Messinger Lead of FI&PS
- Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
- Ransomware Gang Lockbit Posts What It Says Is Boeing Data on Site
- Russia-Linked Hackers Claim Credit for OpenAI Outage
- Business Groups Sue Labor Board to Block Contract, Franchise Worker Rule
- Liberty Mutual Records $219M Q3 Net Income
- GM’s Cruise Recalling 950 Driverless Cars After Pedestrian Dragged in Crash
- Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
- FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit
- Two-Thirds of North America Could Face Power Shortages This Winter
- NTSB Chair: Near-Miss Aviation Incidents ‘Clear Warning Sign’
- AM Best Outlook of US E&S Market Revised to ‘Positive’
- Viewpoint: ChatGPT, Laden With Hacker-Inserted Malware, Is Writing Code for Companies
- Microsoft Offers to Help Politicians Crack Down on Deepfakes
- Average Premiums Keep Rising for Most Commercial Lines: IVANS
- Catalytic Converter Thefts Down by Half as Precious Metal Prices Drop
- People Moves: Marsh McLennan Appoints Potter US, Canada Chief Commercial Officer; Rokstone Names Berisha, Vandermyde to Marine Team
- FAA to Hold New Round of Runway-Safety Meetings After Close Calls
- Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
- FTX Investors Shift Focus to Celebrity Endorsers After SBF Conviction
- Right Turn on Red? With Pedestrian Deaths Rising, US Cities Are Considering Bans
- Nike Sues New Balance, Skechers for Patent Infringement Over Sneaker Tech
- Microsoft Vows to Revamp Security Products After Repeated Hacks
- Palo Alto Acquires Israeli Cyber Startup Talon in M&A Push
- Tyson’s Dinosaur-Shaped Chicken Nuggets Recalled After Possible Metal Contamination
- Moody’s Creates Private Credit Rating and Research Group
- Despite Hard Market, P/C Combined Ratio Forecast Near 104 for 2023
- Boeing Says ‘Cyber Incident’ Hit Parts Business After Ransom Threat
- Elon Musk Asks Court to Reject SEC’s Bid to Make Him Testify in Twitter Probe
- Thousands of Black Women Claim Hair Relaxers Gave Them Cancer
- Judge Rules Virginia Teacher Shot by Student Can Proceed with $40 Million Lawsuit
- Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well
- AIG Continues to Take Cautious Approach to Excess D&O in North America
- Lemonade Expects to Be in the Black Within Three Years
- Travelers to Buy Cyber MGU Corvus for $435 Million
- Ex-Crypto Mogul Sam Bankman-Fried Convicted of Multi-Billion Dollar FTX Fraud
- FIO’s Climate-Related Financial Risk Data Collection Finalized
- New FTC Court Filing: Amazon Made $1B Through Secret Price Algorithm
- Tesla Wins First US Autopilot Trial Involving Fatal Crash
- Harvard Claims Marsh Is to Blame for Its Loss of $15M in Coverage for Admissions Fight
- Progressive in a Better Place With Reserve Boosts Done, CEO Says
- People Moves: Multiple Moves at Markel Specialty as Sanders to Retire by 2024 End
- Allstate, Allianz X Invest $265M in NEXT Insurance and Partner to Expand Reach
- Jury Finds Realtors Liable for Inflating Commissions, Awards $1.78B Damages
- AIG General Insurance Income Up 82.7% in Q3 on North America Gains
- Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M
- Hamilton Insurance Targets Up to $2B Valuation in IPO
- Largest Decline Ever in Agency M&A Through First Three Quarters: OPTIS
- Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh
- Verisk Tops Q3 Expectations on Resilient Demand From Insurers
- Bayer Ordered to Pay $332M in Another Roundup Cancer Trial
- Ending Polarization and Building Future Leaders: Travelers CEO
- SolarWinds Staff Warned About Security Holes Before Russia Hack
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