National News

Reforms to US Disaster Aid Expose Growing Home Insurance Gap

When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. …

Last Chance: Take This Year’s Agency Salary Survey

It’s the final two days to take this year’s Agency Salary Survey. ALL retail agency owners, principals, producers, CSRs — the entire agency — should participate and be a part of the industry’s favorite salary survey. The survey takes about …

White House AI Council Meets as Legislative Action Stalls

The White House artificial intelligence council is meeting Monday, three months after President Joe Biden signed an executive order that aims to reduce the risks AI poses. White House Deputy Chief of Staff Bruce Reed, who will convene the council …

Markets/Coverages: New WTW Cyber Solution for SMEs With Revenue Under $50M

Broker WTW said it has launched a cyber solution specifically for business with annual revenue under $50 million, including startups and pre-revenue accounts. This tailored solution for small- and medium-sized enterprises (SME) is meant to address challenges faces by these …

North Korean-Linked Hackers Are Targeting Crypto Platforms More But Stealing Less

The number of North Korean-linked hacks of cryptocurrency platforms rose to a record high in 2023, though the actual amount of funds stolen dropped around 40%, a report Wednesday from blockchain analysis firm Chainalysis Inc. showed. In a series of …

HP Enterprise Discloses Hack by Suspected State-Backed Russian Hackers

Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services said in a Securities and Exchange Commission regulatory …

Bayer Jury’s $2.2 Billion Roundup Verdict Is Biggest Yet

Bayer AG’s Monsanto unit was ordered by a Pennsylvania jury to pay more than $2.2 billion to a former Roundup user who blamed his cancer on the weedkiller in the largest verdict so far in five years of litigation over …

Agency Salary Survey: Find Out Compensation Trends in This Year’s Report

Be a part of the industry’s favorite salary survey while learning more about agency compensation trends nationwide. We would like to invite ALL retail agency owners, principals, producers, CSRs — the entire agency — to participate in Insurance Journal’s annual …

Ring Will No Longer Allow Police to Request Users’ Doorbell Camera Footage

Amazon-owned Ring will stop allowing police departments to request doorbell camera footage from users, marking an end to a feature that has drawn criticism from privacy advocates. In a blog post on Wednesday, Ring said it will sunset the “Request …

GM’s Cruise Owns Up to Robotaxi Mess in Hopes of Returning to Roads

General Motors Co. blamed poor leadership for mishandling its Cruise robotaxi crisis, an admission the carmaker is hoping will help get its cars back on the roads. A report by the law firm Quinn Emanuel, hired by GM and Cruise, …

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