US House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power May 15, 2025 By Chad Hemenway Rep. Scott Fitzgerald on May 15 reintroduced a bill to eliminate the subpoena power of the Federal Insurance Office (FIO)....
Coinbase Says Bribed Workers Leaked Data to Hacker Seeking $20 Million in Ransom May 15, 2025 By Emily Nicolle Coinbase Global Inc. said hackers bribed contractors or employees outside the US to steal sensitive customer data and demanded a...
Workers’ Comp Premiums Fall 3% in 2024; Combined Ratio Holds at 86: NCCI May 15, 2025 By Andrea Wells Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for...
2024 P/C Insurance Combined Ratio Best in More Than a Decade May 15, 2025 With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate...
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing May 15, 2025 By William Rabb It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled damage estimates in...
Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions May 14, 2025 By David Shepardson and Deborah Sophia Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates...
Steelmaker Nucor Shuts Down Some Output After Cyberattack May 14, 2025 By Ryan Gallagher Nucor Corp., the biggest steel manufacturer in North America, shut down production at some of its facilities after detecting an...
Toyota Settlement, Walmart Lawsuit Scrapped by CFPB May 14, 2025 By Douglas Gillison The U.S. Consumer Financial Protection Bureau has canceled a 2023 settlement with the financing arm of Toyota over allegations the...
USDA Restores Some Climate-Related Webpages After Farmer Lawsuit May 14, 2025 By Leah Douglas The U.S. Department of Agriculture restored on May 13 some climate change-related webpages that the agency had deleted since President...
Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover May 14, 2025 Markel Insurance, the insurance operations within Markel Group Inc., launched a specialist cyber product to provide up to US$5 million...