Insurance Journal » National News

The U.S. Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire busi...

https://www.insurancejournal.com/news/national/2024/04/29/771932.htm

Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility. Available to Marsh clients globa...

https://www.insurancejournal.com/news/international/2024/04/29/771890.htm

Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy herd. F...

https://www.insurancejournal.com/news/national/2024/04/29/771864.htm

Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of U.S. leaders saying political risk is their number on...

https://www.insurancejournal.com/news/national/2024/04/29/771861.htm

U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards i...

https://www.insurancejournal.com/news/national/2024/04/26/771801.htm

The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly ...

https://www.insurancejournal.com/news/national/2024/04/26/771792.htm

Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adver...

https://www.insurancejournal.com/news/national/2024/04/26/771786.htm

US regulators reinstated net neutrality rules that aim to ensure everything on the internet is equally accessible, reclaiming authority over broadband service and setting the stage for legal chal...

https://www.insurancejournal.com/news/national/2024/04/26/771635.htm

A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, “A Kaleidoscope...

https://www.insurancejournal.com/news/national/2024/04/26/771679.htm

Previous workers’ compensation claims can present an opportunity for agents serving small-business clients. The Hanover’s “2024 Small Business Risk Report: A Focus on Workers’ Compensatio...

https://www.insurancejournal.com/news/national/2024/04/26/771675.htm

Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. ...

https://www.insurancejournal.com/news/national/2024/04/26/771686.htm

According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s ear...

https://www.insurancejournal.com/news/national/2024/04/25/771621.htm

Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and ...

https://www.insurancejournal.com/news/national/2024/04/25/771221.htm

McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in o...

https://www.insurancejournal.com/news/national/2024/04/25/771512.htm

New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that i...

https://www.insurancejournal.com/news/national/2024/04/25/771384.htm

General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data a...

https://www.insurancejournal.com/news/national/2024/04/25/771518.htm

Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc. Marsh McLennan Age...

https://www.insurancejournal.com/news/national/2024/04/24/771424.htm

When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addr...

https://www.insurancejournal.com/news/national/2024/04/24/771391.htm

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit wo...

https://www.insurancejournal.com/news/national/2024/04/24/771393.htm

A lawyer for the military contractor being sued by three survivors of the notorious Abu Ghraib prison in Iraq told jurors Monday that the plaintiffs are suing the wrong people. “If you believe ...

https://www.insurancejournal.com/news/national/2024/04/24/771360.htm

Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case earlier this month. Melinda Brantley, Nichola...

https://www.insurancejournal.com/news/national/2024/04/24/771253.htm

Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experie...

https://www.insurancejournal.com/news/international/2024/04/24/771205.htm

UnitedHealth Group said on Monday that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest U.S. health i...

https://www.insurancejournal.com/news/national/2024/04/24/771308.htm

Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to about $2.1 billion. The first three months of 2024 followed a year Chubb CEO Evan G. Greenb...

https://www.insurancejournal.com/news/national/2024/04/23/771295.htm

Pregnant employees have the right to a wide range of accommodations under new federal regulations for enforcing the Pregnant Workers Fairness Act that supporters say could change workplace cultur...

https://www.insurancejournal.com/news/national/2024/04/23/771201.htm

As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings sugge...

https://www.insurancejournal.com/news/national/2024/04/23/770430.htm

The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS ...

https://www.insurancejournal.com/news/national/2024/04/23/771170.htm

First quarter net income at W.R. Berkley Corp. increased about 50% compared to the same period the prior year to about $442.5 million on pretax underwriting income growth of 31.8% to $309 million...

https://www.insurancejournal.com/news/national/2024/04/23/771152.htm

Sanofi will pay more than $100 million to settle about 4,000 lawsuits accusing the French drugmaker of failing to warn users that its Zantac heartburn medicine could cause cancer, according to pe...

https://www.insurancejournal.com/news/national/2024/04/23/771078.htm

A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats ...

https://www.insurancejournal.com/news/national/2024/04/23/770641.htm