National News for April 2025
- Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
- AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S
- Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers; Tariff Simulator Added to Marsh McLennan’s Sentrisk
- People Moves: Mosaic Promotes Duggan to Lead North American Claims; Hiscox Names Sinkus CUO in US; EPIC Appoints Jackson Managing Principal, Global Leader
- Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
- Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
- Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
- Progressive Insurance Is Hiring Again; 12,000 More People Needed
- Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes
- New Report Shows Rise in Cargo Theft, With Three States Leading the Way
- Increased Writings in Homeowners Adds to US Surplus Lines Growth
- NOAA Risks Loss of Data Network and Web Service
- 23andMe Bankruptcy Bid Deadline Extended as DNA Privacy Woes Linger
- Brokers Aon and WTW Each Report Steady Organic Growth of 5% in Q1
- New SEC Chair Says Crypto Sector Deserves Clear Regulations
- Corporate America Boosts Security Spending After UnitedHealth Murder, Filings Show
- Cyber Market Continues to Expand as Rates Adjust, Says Guy Carpenter
- Viewpoint: Turning the Embedded Insurance Challenge Into an Opportunity
- Health Officials Seek to Phase Out Artificial Dyes From the Food Supply
- World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market
- California Wildfire Losses Cause 16% Fall in The Hartford’s Q1 Net Income
- People Moves: 3 Key Exec Roles Filled in Everest Wholesale Business; Willis Appoints Merker to Lead P/C Broking Sales
- More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat
- Forecast Calls for Wildfires to Burn More Land Across US This Year
- Dog Bite Claims Soar in Frequency and Cost: Report
- Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend
- US Officials Mull Easing Tariffs Targeting the Auto Industry
- Lilly Sues 4 Compounders Over Copies of Weight-Loss Drugs
- Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
- Distracted Drivers Are Overconfident; 20% Still Texting While Driving
- Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
- Markel Insurance Restructures Markel Specialty, Appoints Leaders
- FBI Says Cybercrime Costs Rose to at Least $16 Billion in 2024
- Safeguarding the Marine Transportation System: New Cybersecurity Rules
- Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves
- Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’
- UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers
- Business Moves: Ignyte, Novacore Spin Off From NSM Commercial Business Sale
- New Survey Shows Company Drivers Overwhelmed and Worried
- People Moves: Xceedance Names Sankaran Global COO; Naquin Joins ReSource Pro as GM, Tech Services
- Don’t Forget Tariff Impacts on Workers’ Compensation: Berkley
- Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees
- Shopify Must Face Data Privacy Lawsuit in US
- Walgreens to Pay $300 Million in US Opioid Settlement
- Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust
- Business Moves: Applied Underwriters Completes Spin-Off of United Risk
- White House Seeks to Bring Financial Regulators Under Its Sway
- Bayer Lobbies States in Battle to Keep Glyphosate on Market, CEO Says
- FDA Suspends Food Safety Quality Checks After Staff Cuts
- Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors
- Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers
- Marsh McLennan Reports Organic Q1 Growth of 4%, a Decrease From Q1 2024
- Business Moves: NSM Completes Sale of Commercial Division to New Mountain Capital; Compre Buys Covea’s CSE Group
- Viewpoint: A Favorable Prognosis—Healthcare at the Forefront of Cyber Risk
- In Last-Minute Reversal, US Agency Extends Support for Cyber Vulnerability Database
- Potential Tariff Auto Severity Impact on Travelers: Single-Digits or Less
- Judge Blocks Trump’s Freeze on Climate, Infrastructure Grants
- Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC
- Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires
- Progressive Q1 Net Income Up 10%
- People Moves: Zurich Hires Sullivan From CNA for US Middle Market Head of Tech; IMA Hires Crochet as National Energy Practice Leader
- Near Misses, Fatal Crashes Force Airlines to Confront Worried Fliers
- Law Students Sue Civil Rights Agency Over Crackdown on Law-Firm DEI Policies
- Hertz Says Hackers Stole License Numbers, Credit Card Data
- Judge Orders Bank of America to Pay $540 Million in FDIC Lawsuit
- 2024 Saw Second Most Tornadoes on Record in the US
- Advocacy Group Files Suit Over Tariffs in US Court of International Trade
- More Resilient Organizations Successfully Battled Ransomware in 2024: BakerHostetler
- White House Proposes Elimination of NOAA Climate Research in Budget Proposal
- AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
- Ransomware Hits DaVita, Kidney Care Provider Serving Hospitals
- Cyber Insurance Market Size Expected to Soar: Munich Re
- AI Weather Models Promise Super Granular, Specialist Forecasts
- Trump Sued by Law Firm Behind $787.5 Million Fox News Case
- Cybersecurity Industry Falls Silent as Trump Turns Ire on SentinelOne
- Paul Weiss Firm, Assailed by Trump, Quietly Scrubs ESG From Website
- NAMIC, Big ‘I’ Join Call to Do Away With Federal Insurance Office
- Arthur J. Gallagher Completes Buy of Woodruff Sawyer
- Sarah Palin, New York Times to Face Off in Defamation Retrial
- People Moves: Willis Names Spinelli Head of Transactional Claims; Amadori Joins Zurich From Markel to Head Management Liability; BHSI’s New Casualty Leaders
- Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets
- Markets/Coverages: The Hanover, Hagerty Partner to Provide Collector Car Protection
- EEOC Chief Shifts Focus to Investigating DEI but Methods Provoke an Outcry
- NHTSA Estimates Traffic Fatalities in 2024 Were Lowest in Five Years
- Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
- Trump Issues Order to Block State Climate Change Policies
- Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away
- Trump Temporarily Lowers Tariffs for Most Countries, Raises Them for China
- Catastrophe Bonds Among Few Asset Classes Withstanding Meltdown
- Hackers Spied on 100 US Bank Regulators’ Emails for Over a Year
- Tariffs Threaten to Push US Home Insurance Rates Even Higher
- Pedestrian Traffic Deaths About 50% More Than a Decade Ago: Report
- People Moves: Allianz Commercial Expands US Construction With Hires; IMA Hires Lockton’s Wargo to Lead Property Team
- Justice Department Disbands Cryptocurrency Enforcement Team
- Viewpoint: EEOC Documents on DEI Programs Increase Pressure on Employers
- US Trade Rep Faces Bipartisan Questions on Scope and Duration of Tariffs
- Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers
- Markets/Coverages: Resilience to Expand Cyber Capacity With Accredited
- Boeing Settles Lawsuits With Two 737 MAX Crash Victims’ Families
- Buffett Says Comments Attributed to Him on X, TikTok ‘All False’
- Collectors Feel Relief as Classic Cars Evade Trump’s Auto Tariffs
- Appeals Court Blocks Trump From Removing Democrats From Labor Boards
- AccuWeather: Severe Storms in Central US Cause $80-90B in Damages, Economic Loss
- Trump’s Tariff ‘Medicine’ Engulfs Markets, US Stocks in Spin After Talk of Pause
- Viatris to Pay Up to $335 Million to Resolve Opioid-Related Claims
- SecurityScorecard Names Willis as Official Cyber Broker as Part of Partnership
- MarketScout: Q1 Composite Personal Lines Rates Up 4.9%; Commercial Rates Up 3%
- Bayer Renews Bid for US Supreme Court to Curb Roundup Cases
- Hedge Funds Hunt Deals in Risk Scenarios Too Costly for Insurers
- Oracle Tells Clients of Second Recent Hack, Log-In Data Stolen
- Markets/Coverages: Travelers Adds Enhanced Services for Cyber Liability; Willis AdWrap for Marketing and Ad Production
- Several Companies Must Face Lawsuit Over Tainted Baby Food, Judge Rules
- Supreme Court: Truck Driver Can Seek Treble Damages Over THC in CBD Product
- Risk Digitization Top Tech Priority for US Insurers
- Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity
- Trump’s Tariffs Send Shockwaves Across Global Economy
- Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports
- DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals
- People Moves: Korte to Lead Liberty Mutual Middle Market Global Risk Solutions
- Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
- Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts
- Supreme Court Largely Backs FDA on Flavored Vapes
- Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models
- Lemonade: 700K Customers on the Car Insurance Waitlist
- Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube
- US House Democrats Open Investigation Into Kennedy Bird Flu Response
- FCC Chairman Orders DEI Investigation Into Disney, ABC
- Majority of Small Biz Leaders Think AI Will Play ‘Crucial Role’ in Work Safety
- People Moves: The Hartford Expands Roles of Tech Leadership; Everest Appoints Fobert to Lead US Retail Casualty
- Judge Rejects J&J’s $10 Billion Baby Powder Settlement
- Federal Judge Orders Halt to Trump Administration Efforts to Dismantle CFPB
- Data Insight: Who’s Growing in Personal Lines?
- From Repairs to Insurance, Trump’s Tariffs Could Make Owning a Car More Expensive
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