National News

US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives

U.S. health agencies including the CDC this week canceled meetings with external groups, paused some public health publications and told employees to freeze travel after directives from the Department of Health and Human Services, two sources familiar with the situation …

MLB Orders Employees to Return to Office Five Days a Week

Major League Baseball has ordered its employees to return to the office five days a week, according to people familiar with the matter. The league had been on a hybrid policy since the pandemic. The change will go into effect …

Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement

Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction crisis in the U.S., several state attorneys general said Thursday. …

Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America

President Donald Trump’s executive orders against “illegal” diversity, equity and inclusion policies have left corporations and their lawyers struggling to grasp exactly what that means. Trump on Tuesday ordered federal contractors to affirm they don’t “engage in illegal discrimination, including …

People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group

Zurich NA Appoints Bessette as Chief Data Officer Zurich North America, headquartered in Schaumburg, Illinois, appointed Kristen Bessette as chief data officer. Based on the East Coast, Bessette previously held multiple senior positions at Liberty Mutual Insurance in Boston, culminating …

KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B

Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion. That’s in line with estimates issued …

Cargo Theft Surges to Record Levels in 2024

2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27% increase from 2023, according to global data analytics and technology provider CargoNet, a Verisk company. The estimated average value per theft …

OPTIS: 2024 Insurance Agency M&A Down 10%, Highlighted by 3 Large Deals

The total number of insurance agency mergers and acquisitions in 2024 was down 10% compared to 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database counted 750 announced insurance agency mergers and acquisitions in …

Insurtechs’ Approach to Wildfire Insurance: Part III – Faura

While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …

Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models

Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial intelligence models. According to a proposed class action filed on Tuesday night …

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