National News for June 2024
- Supreme Court Overturns Chevron Rule in Blow to Regulators
- Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P
- Vertafore Report Highlights Agency Recruitment, Hard Market Challenges
- Fisker to Recall Over 12,000 Ocean Vehicles
- As Rates Rise, Majority of Homeowners Say Insurance Industry Is in Crisis: Survey
- Guidance and Insurance Implications for the CDK Global Cyberattack
- Supreme Court Blocks EPA’s ‘Good Neighbor’ Air Pollution Plan
- Supreme Court Curbs SEC’s In-House Judges in Fraud Cases
- Last Chance: Submit for Top 100, Top Agency Partnership Rankings Now
- Supreme Court Blocks Purdue Pharma Bankruptcy Settlement
- Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023
- Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack
- Volkswagen Recalling 307,000 Vehicles Over Air Bag Sensor Wiring
- US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
- Dellwood Insurance Files to Dismiss ‘Insufficient’ Case Brought by AIG
- NTSB Says Norfolk Southern Threatened Agency During Derailment Probe
- Hackers Grow More Sinister and Brazen in Hunt for Bigger Ransoms
- Zurich to Buy AIG’s Travel Insurance Business for $600 Million
- Food Safety Regulators Expand Bird Flu Testing in Milk Products
- People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitude CEO Bracken Hired as Zurich NA CFO
- GEICO Tops Progressive With Higher J.D. Power Scores
- CDK Tells Customers Dealer System Likely Down Until June 30
- BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers
- US Judge Skeptical of Biden Overtime Pay Rule
- Ford Recalls 668,000 2014 F-150 Pickup Trucks Over Transmission Issue
- Business Moves: Broker PCF Makes 4 Acquisitions in 4 States
- Dellwood Specialty Gets A- Rating From AM Best
- Federal Judge Blocks Biden Wage Rule for Construction Projects
- Music Labels Sue AI Companies Suno, Udio for Copyright Infringement
- Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US
- Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best
- FEMA Is Ready for Hurricane and Wildfire Seasons, but Money a Concern
- US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms
- DOJ Drops Claims That TikTok Misled US Consumers in Lawsuit
- Hackers Auction Off Stolen LendingTree Consumers’ Data
- CDK Begins Restoring Systems After Cyber Hack Hits Thousands of Retailers
- Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product
- Hackers Auction Off Stolen LendingTree Consumers’ Data: Source
- Biden Bans US Sales of Kaspersky Software Over Russia Ties
- Activist Report Shows More Insurers Making Climate-Related Disclosures
- New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market
- A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
- Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits
- Allstate Reports May Pretax Catastrophe Losses of $1.4B
- Excessive Heat An Increasing Concern in Workers Comp: WCRI
- Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb
- Survey: Most Homeowners Believe Their Policy Covers Flood
- Car Dealerships Across US Halt Services After Cyberattack
- Supreme Court Backs Starbucks Over Fired Pro-Union Workers
- Philip Morris Halts Zyn’s Online Sales in US After Subpoena
- QBE to Non-Renew $500M of North American Mid-Market Biz
- Hackers Demand as Much as $5 Million From Snowflake Clients
- A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles
- Take Cover: Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I
- Exxon Suit Targeting Activist Group Arjuna Tossed by Judge
- La Nina Weather 65% Likely to Develop in July-Sept: National Weather Service
- Companies Downplaying DEI Executive Pay Goals
- Markets/Coverages: ANV Expands Transactional Risk Offering to the US
- EV Startup Fisker Files for Bankruptcy, Aims to Sell Assets
- Stellantis Recalls Over 1 Million Vehicles For Rearview Camera Issue
- Supreme Court to Hear Nvidia Bid to Scuttle Shareholder Lawsuit
- J&J Talc Users Want Cancer Checks Even If It Cost Billions
- States Lose Challenge to Legal Protections for Workers Who Get Abortions
- Severe Storms Caused $722M in Catastrophe Losses in May: Progressive
- People Moves: McCarthy to Become ISU CEO; WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB NA; Markel Names McGrath Head of Fine Art N.A.
- Report: Corporate Risk Level Highest in 12 Years
- US Lawmakers Grill Microsoft President Over China Ties, Hacks
- Business Liability Claims Litigation Jumped in 2023: Lex Machina
- Potent Hurricane Weather Pattern Continues to Take Shape, Forecaster Says
- 42 States, J&J Finalize $700M Settlement Over Talc Marketing
- Marsh: Cyber Extortion Reached Record High in US and Canada in 2023
- Snowflake to Close Probe Into Cyberattack Targeting Clients
- Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry
- Calling All Top Agencies & Agency Partnerships: Enter to Be Recognized Now
- Thousands of Amazon Drivers File Arbitration Claims for Unpaid Wages, Other Losses
- Solar Risk Assessment Shines Light on Key Industry Challenges
- Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
- Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
- US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
- SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism
- US Inflation Report Offers a Break for Price-Weary Consumers
- HHS Says UnitedHealth Can Notify Patients of Data Breach
- Hiscox Appoints Plymouth Rock’s Boyd to US CEO
- Elon Musk Withdraws Lawsuit Against OpenAI
- P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best
- Hard-to-Come-By Trust Is Top Driver of Auto Insurance Customer Satisfaction: J.D. Power
- As Supreme Court Decisions Loom, a Legal Assault Is Weakening SEC’s Power
- Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability
- Kia Recalls Nearly 463,000 Telluride SUVs Due to Fire Risk
- US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions
- WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
- Bipartisan Bill Aims to Authorize Payouts for Coastal Structures
- People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead
- Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case
- Homeownership Costs in US Jumped 26% Since Pandemic Began
- Uber Loses Challenge to California Gig Work Law in Appeals Court
- US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
- US Chamber of Commerce: Nuclear Verdicts’ Amount, Frequency Continue to Increase
- Social Media Giants Avoid School Districts’ Addiction Claims
- All the Major Legal Battles Elon Musk and His Companies Are Facing
- Top Law Firms in US Opioid Lawsuits to Get Hundreds of Millions in Fees
- Catastrophe Bond Sales Soar as Markets Brace for Unusually Active Hurricane Season
- US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
- People Moves: AXIS Appoints Boulos and Ryan to Head US Ocean Marine
- Netflix Sued in $170M ‘Baby Reindeer’ Defamation Lawsuit
- Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says
- Growing Reliance on Big Tech for AI Carries New Risks, Banks Say
- Report Shows Increase in Total EV Loss Claims
- World Meteorological Organization: Good Chance for More Record-Setting Global Temps
- US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia
- Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA
- Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
- Companies Need to Be Aware of Cyber Risks Related to Proliferation of IoT
- Buffett’s NetJets Sues Pilots’ Union for Defamation
- Commercial Property Insurance Market Proving More Stable, Capitalized: USI
- CNA’s Worman to Take CEO Reins From Robusto in 2025
- P/C Insurers Slow to Achieve Analytics Ambitions: Survey
- Tyson Foods Accused by Conservative Group of Hiring Migrants Over US Citizens
- Marsh McLennan Agency Completes Fisher Brown Bottrell Acquisition
- Southwest Airlines in Court Over Firing of Flight Attendant With Anti-Abortion Views
- Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million
- Hackers Targeted Celebrities on TikTok Using Private Messages
- EEOC Sues 15 Employers in 10 States for Not Filing Workforce Demographics Data
- J&J Must Pay $260 Million in Latest Talc Trial
- US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump
- AXA XL Realigns Operations in the Americas; Redundancies Caused by Moves
- Judge Lets More Than 70,000 Zantac Lawsuits Go Forward
- US Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy
- Report: Cost of Prescriptions in Workers’ Comp on The Rise
- American Airlines Sued for Removing Black Passengers From Flight
- After First Net Loss Since 1923, USAA Back to Profit in 2023
- Musk Accused of $7.5 Billion of Insider Trades in Investor Suit
- Live Nation Probing Ticketmaster Hack Amid User Data Leak Concerns
- Hundreds of Thousands of Internet Routers Destroyed in Newly Discovered 2023 Hack
- AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino
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