National News for May 2025
- Former Progressive CEO Renwick, 69, Dies
- Hack of Contractor Was at Root of Massive Federal Data Breach
- Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
- People Moves: World Insurance Associates Names Youshock Head of Personal Lines; Belair Appointed President of Technology at Intact Insurance Specialty Solutions
- Hacker of App Used by Trump Aide Stole Data From Across Government
- Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024
- Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B
- No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
- Stablecoin Bill Advances in US Senate in Big Win for Crypto
- Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports
- People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA
- APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
- Motion Specialty Launches Lloyd’s MGU, Founded by Former Hiscox Executives
- FCC Approves Verizon Deal to Acquire Frontier After DEI Changes
- Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies
- Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
- Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers
- Captives to Remain Viable as Market Softens: RIMS Panel
- Sedgwick: Number of Recalled Products in US Rose 25% in First Quarter
- EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water
- Christian Dior Couture Client Data Breached in Cyberattack
- Sedgwick Experts Outline Key Workers’ Comp Claims Trends
- Coinbase Hackers Had Access to Customer Data Since January
- People Moves: Zurich NA Promotes Fox to Lead National Accounts, Caminiti CUO
- FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%
- US House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power
- Coinbase Says Bribed Workers Leaked Data to Hacker Seeking $20 Million in Ransom
- Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI
- 2024 P/C Insurance Combined Ratio Best in More Than a Decade
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
- Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions
- Steelmaker Nucor Shuts Down Some Output After Cyberattack
- Toyota Settlement, Walmart Lawsuit Scrapped by CFPB
- USDA Restores Some Climate-Related Webpages After Farmer Lawsuit
- Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover
- As Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings
- People Moves: Zurich Gets Himes From Chubb To Lead Underwriting for US Mid Market
- State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill
- Court Hears Small Business Bid to Block Trump Tariffs
- Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs
- Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform
- Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business
- FM Clients to Receive Share of $1 Billion in ‘Membership Credits’
- SEC Chair Says Agency Plans to Create New Rules for Crypto Tokens
- Markets/Coverages: QBE Starts New Commercial Property Product for Large Companies
- Hub to Get $1.6B Minority Investment, Valuing Company at $29B
- Insurer Coalition: Costs From Business Email Compromise Rise in 2024
- Labor Market Stays Resilient, but Workers Less Productive in Q1
- White House Dismisses Democrats on Consumer Product Safety Commission
- ‘Don’t Get in My Way,’ the New Acting Head of FEMA Warns Staff
- Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
- FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed
- Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
- How Does Food Safety Work, and What Cuts Has Trump Made?
- Commercial Property Customers Cutting Insurance Corners Despite Risk
- Acting FEMA Chief Is Ousted After Less Than 4 Months
- Liberty Mutual Q1 Net Income Down 33%
- Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
- Apollo’s Aspen Insurance Raises $397.5 Million in US IPO
- Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles
- Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal
- UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing
- Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers
- Nearly Quarter of People on Long-Acting Opioids Develop Addiction
- Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint
- NSO Group to Pay Nearly $168M to Meta’s WhatsApp for 2019 Hacking
- US Seeks Forced Sale of Google Ad Technology Products
- Delta Must Face Passenger Lawsuit Over Massive CrowdStrike Computer Outage
- Berkshire Shareholders Reject Diversity, AI Proposals
- Renewal Rates Continue Upward YOY for Most Commercial Lines: Ivans Index
- Burger King Must Face Lawsuit Over Whopper Ads
- People Moves: Dunn Joins Marsh as US Construction Practice Leader; Canopius Appoints Varghese as Head of Marine, US
- Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow
- Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?
- Message App That Waltz Was Seen Using Is Probing Possible Breach
- Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
- Q1 Net Income at CNA Financial Down 19%
- Why Trump Is Ending Enforcement of Civil Rights Laws That Ban ‘Disparate Impact’
- Judge Allows Testimony That Abbott, Mead Johnson Baby Formula Caused Disease
- Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
- Buffett to Step Down Following Six-Decade Run Atop Berkshire
- JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
- Student Competition to Showcase Young Talent at RIMS
- Uber Teams Up With May Mobility to Launch Robotaxis in US Cities
- Zurich Offers ‘Roadmap’ to Prep Businesses, Governments for Climate Change
- APCIA, IBHS Testify Before Senate Committee on Loss Mitigation
- Berkshire Outguns Market as Buffett Reaches 60 Years in Charge
- AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
- People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multinational Underwriting; Burns & Wilcox Names New York, Chicago Leaders
- The Hanover Reports 11% Growth in Q1 Net Income
- Business Moves: CRC Group Acquires ARC in E&S Deal
- Countries Shore Up Digital Defenses as Global Tensions Raise Cyberwarfare Threat
- Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG
- Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses
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