National News

Criminal Indictments Are Major — But Not Only — Tool of U.S. Cyber Defense Agencies

The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated Press. Arrests and indictments of foreign cybercriminals …

Transportation Safety Chief Objects to Use of Driver Error Statistic

With traffic fatalities spiking higher, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and that the Transportation Department should stop using it. Jennifer Homendy, …

Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion

Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for multi-family properties that streamlines the insurance buying …

Judge Nixes Former Employees’ Suit Against Marsh & McLennan Over 2021 Data Breach

A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak and Janet Lea …

Agriculture Officials Find More Avian Flu Cases in Wild Birds, Caution Poultry Farmers

The U.S. Department of Agriculture reported two more cases of highly pathogenic avian flu in wild birds on Tuesday, raising risks for potential infections in poultry. The USDA on Friday reported the nation’s first case of a Eurasian H5 type …

Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners

There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a 26% increase over the …

AT&T, Verizon Again Agree to Delay Turning On Some 5G Towers Near Key Airports

AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens …

Teva to Pay $420M to Settle Shareholder Suit Over Generic Drug Pricing

Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court …

People Moves: Zurich North America Changes Leadership in Captives, Crop, Construction, Customer Office

Zurich North America announced the following changes: Jason Meador, currently head of Captives at Zurich North America, has been appointed to lead the Rural Community Insurance Services crop insurance business following the impending retirement of head of RCIS Mike Day. …

Marsh McLennan’s Mercer Sells Association Business to Affinity Agency

Association Member Benefits Advisors (AMBA), a national affinity-based membership and marketing insurance agency, has agreed to acquire the associations business of Mercer, a business of Marsh McLennan. Mercer’s association benefits business, Mercer Affinity, includes insurance marketing, distribution and administration services …

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