Recent Insurance Industry News

Verizon DBIR Says Software Vulnerabilities Aren’t Being Patched Quick Enough

• AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says

• AIG’s Turnaround Under Zaffino Sets Stage for New Leadership

• Activist Toms Capital Ramps Up Campaign at Voya Financial

• Roof Costs Soar Even as Claims Decline: Verisk

• SEC Moves to Scrap Biden-Era Rule on Climate Risk Disclosures

Israel Expands Lebanon Assault With Iran-US Talks in Balance

• EU May Keep Russian Oil Price Cap Unchanged at $44 Per Barrel to Pressure Moscow

• Wildfire Season Returns to Canada’s Oil Sands

• Europe Faces Biggest Food Price Shock in G7 From Hotter World

• Markets/Coverages: Navium, Overhaul Form Consortium to Cover AI Data Server Cargo

• People Moves: Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office; Santam Syndicate 1918 Taps MS Amlin’s Geddes as CEO

Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims

• New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices

• Bus Hits Cars in Virginia, Killing 5 Massachusetts People and Injuring 34

• Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story

• Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs

• People Moves: Davis & Towle Names Kneeland, Promotes Cole in Commercial Lines

People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors

• Illinois Night Club to Pay $200K in Sex and Race Discrimination Case

• Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes

• Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers

• Ohio to Halt Data Center Tax Credits as Opposition Grows

• Michigan House Explosion Leaves 1 Dead

Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast

• Corpus Christi Considers Building Desalination Plant

• Corpus Christi Focuses on Delaying Looming Water Crisis

• Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s

• Texas Board Faults Camp Mystic Leader for Inaction During Deadly Flood

• WhatsApp, Meta Can Access Texans’ Private Messages, Lawsuit Claims

Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards

• Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration

• Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says

• Florida Comp Costs Are on the Rise. End to Physician Dispensing May Help

• Reinsurers Bring Strong Risk Appetite to Florida’s June Renewals: Guy Carpenter

• Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’

Southern California Property Fight That Hit Several Banks Spurs $1.34B Award

• Insurance Platform Corgi Valued at $2.6B in Funding Round

• California Overhauls Carbon Market Over Affordability Concerns

• San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities

• Number of Deaths Rises in Washington Paper Mill Explosion

• California Drivers Arraigned for Insurance Fraud in Staged Crash Scheme