Recent Insurance Industry News

AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus

• SEC to Drop Controversial SolarWinds Cyberattack Lawsuit

• More Federal Legislation Introduced to Tackle Third-Party Lit Funding

• As Infant Botulism Cases Climb to 31, Recalled ByHeart Formula Remains on Shelves

• Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

• US States Take Aim at Data-Driven Pricing to Ease Consumer Pain

Ozempic Users in Denmark Win Eye-Disease Payout

• Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets

• Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region

• COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding

• Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137

• Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance

Connecticut Insurance Commissioner Mais Retires; Hershman Eyed as Successor

• New Hampshire High Court Hears Disputed $38M Verdict in Youth Center Abuse Case

• Trump Threatens to Withhold $75M From Pennsylvania Over Immigrant Truck Drivers

• Jury Orders Massachusetts State Police to Pay $6.8M Over Discrimination Claims

• The Hartford CEO Takes Lead in Shaping the City of Hartford’s Future

• World Insurance Acquires Van Syckel Insurance of New Jersey

Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities

• Ohio Machining Company to Pay $2M to Settle Sex Discrimination Case

• Norfolk Southern Revives Plans for Firefighter Training Near Site of Ohio Derailment

• Tokio Marine Holdings to Acquire Illinois-Based Commodity & Ingredient Hedging

• Ohio’s FirstEnergy Ordered to Pay More Than $250M for Bribery Scheme

• People Moves: Encova Insurance Adds Palumbo to Board of Directors

Strengthen Oklahoma Homes Program to Expand Statewide by 2026

• People Moves: Skyward Specialty Promotes Burkhart to President, US P/C

• Trucordia Acquires Eberle Insurance in Arkansas

• Louisiana Commissioner Approves Rate Decreases for About 12K Allstate Auto Policies

• Texas Hemp Regulation Proceeds Despite Federal Restriction

• Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M

North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield

• ‘Agent of the Year’ in Georgia Sentenced to 2+ Years After Misusing Premium Payments

• Florida Republicans Oppose Trump Offshore Oil Leasing Plan

• Florida Reforms Are Paying Off for Drivers. Don’t Mess it up With Repeal of PIP

• UPS Plane That Crashed Had ‘Fatigue Cracks’ in Engine Mount, Preliminary Report Finds

• People: Alliant Adds Simokonis to Florida Team, Sunstar Names Romero CAO

Farmers Eliminating Homeowners Insurance Policy Cap in California

• Tesla Sued Over Fatal Crash in Washington in Growing Scrutiny of Doors

• Joby Aviation Sues Air-Taxi Rival Archer in California Over Trade Secrets

• Trump Inflames California Over Oil Drilling Plan for Pacific Coast

• California Refinery Closures Spark Pipeline Race to West Coast

• State Farm Files for 6.2% Auto Rate Reduction in California