National News

Lilly Sues 4 Compounders Over Copies of Weight-Loss Drugs

Eli Lilly said Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes medicines. Compounders were, until recently, allowed to produce copies …

Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options

Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development …

Distracted Drivers Are Overconfident; 20% Still Texting While Driving

Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking …

Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive

A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers’ information and then selling that data to Progressive. The lawsuit alleges that Toyota and Connected Analytic Services (CAS) collected …

Markel Insurance Restructures Markel Specialty, Appoints Leaders

Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions. The changes follow the appointment of Simon Wilson as chief executive …

FBI Says Cybercrime Costs Rose to at Least $16 Billion in 2024

Cybercrime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday. The losses—a one-third increase over 2023—were largely driven by low tech scams, such as …

Safeguarding the Marine Transportation System: New Cybersecurity Rules

The maritime industry is grappling with an escalating wave of cybersecurity threats as it increasingly relies on interconnected digital systems. Recognizing the critical need to address these vulnerabilities, the U.S. Coast Guard issued a final rule aimed at fortifying the …

Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves

U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump’s administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal development. The preparations will pose …

Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’

First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter …

UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers

United Kingdom’s Admiral Group has agreed to sell its U.S. insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration. Headquartered in Richmond, Virginia, Elephant is …

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