Recent Insurance Industry News

Commercial Auto Up Against Persistent Headwinds to Underwriting Profit

• AstraZeneca to Pay $425 Million to End US Lawsuits Over Heartburn Drugs

• People Moves: Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client

• NHTSA Expands Probe Into Ford Engine Failures to Include Nearly 709,000 Vehicles

• Court Tosses $223.8M Verdict Against J&J in Talc Cancer Case

• Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction

4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize

• Viewpoint: Reflecting on 30 Years of Transformation in the Re/Insurance Sector

• Hong Kong’s Typhoon-Related Insurance Claims Set to Top Record $500M in 2023

• Central Bank Test Lab Develops Global Bitcoin Mapping System

• Rapid Shocks in Store for Insurers in New Bank of England Stress Tests

• SMBC Aviation Receives Cash Insurance Settlement Over Jets Stranded in Russia

Army Officer Pepper-Sprayed During Traffic Stop Seeks New Trial Against Police

• Subcontractors Working Too Close to High Voltage Power Lines Draws OSHA Action

• Injured Worker Compensated in Rhode Island Barred From Suing in Massachusetts

• Pennsylvania Borough Settles Lawsuits Over Shooting at High School for $11M

• Eli Lilly Settles New Jersey Whistleblower Allegations Over Manufacturing Practices

• Nooses Found at Construction Site Lead to Lawsuit Against Amazon, Contractors

Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses

• 5 Died of Exposure to Chemical in Central Illinois Crash, Preliminary Autopsies Find

• Ohio Senate Passes Bill to Increase Compensation for Boy Scouts Abuse Victims

• Investigation Continues Into Deadly Illinois Crash of Truck Crash Carrying Toxic Chemical

• Chipotle Sued After Manager Allegedly Ripped off an Employee`s Hijab at Kansas Location

• Truck Crash in Illinois Kills Five and Forces an Evacuation

Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses

• Musk Facing Defamation Suit in Texas Over Posts That Falsely Identified Man in Protest

• Lingering Drought and Wildfires Plague Texas, Threatening Water Supplies and Agriculture

• Louisiana Citrus Farmers Seeing a Mass Influx of Salt Water

• Saltwater Intrusion Threatens Louisiana’s Citrus Industry, Farmers Seek Solutions

• Texas Investment Firm Settles Fraud Lawsuit for $2.51 Million Over Madoff Ponzi Scheme

Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses

• Progressive Drops Some Agents, Non-Renews 100,000 HO and DP Policies in Florida

• Georgia Group Launches Ad Campaign Pushing Kemp’s Tort Reform

• Bill Gates-Backed Florida Startup Aims to Turn Oil-Drilling Gas into Useful Methanol

• Video Shows Officers Surrounding Bloodied Man During Florida Traffic Stop

• Alliant Names Griggs SVP of Americas Division, Based in Tennessee

Washington Insurance Commissioner Issued $262K in Fines for Violations

• Lawsuits Blame Utility for Washington Fire That Killed Man and Burned Hundreds of Homes

• $650K to Settle Whistleblower Suit in New Mexico

• People Moves: Su Joins Golden Bear as General Counsel

• California Judge Rules Tesla Owners Must Arbitrate False Ad Claims Over Autopilot Feature

• Court Orders Subway Franchise Owners in California to Pay Workers Nearly $1M