National News

People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O

Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical. Miraglia brings over three decades of insurance industry experience with specialized expertise in private equity transactions. Based …

Frequency of Deadly Hurricanes Has Jumped 300%

New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report analyzes data within the U.S. via its Hurricane Rainfall …

Amazon Is Boss of Subcontracted Drivers, Labor Board Prosecutors Say

Amazon.com Inc. was legally the boss of a group of subcontracted delivery drivers, US labor board prosecutors have concluded, rejecting the company’s claims that workers in its sprawling delivery network aren’t its employees. The general counsel office of the US …

Authors’ Class Action Targets AI Company Anthropic for Copyright Infringement

Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors who say it misused their books and hundreds of thousands of others to train its AI-powered chatbot Claude. The complaint, filed on …

Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …

Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield; Encore Fiduciary Moves Into Management Liability

The Hanover Enhances Its Holistic Work Safe Program The Hanover. Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling. The Hanover’s claims specialists proactively gain insights into …

GM’s Cruise Recalls Nearly 1,200 Robotaxis to Close US Probe

General Motors’ GM.N Cruise unit has agreed to recall nearly 1,200 robotaxis over hard braking issues, the U.S. auto safety regulator said on Thursday, following a probe into the safety of their autonomous driving systems. As a result of the …

Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses

Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them. Global insurance broker Aon has launched its Directors and Officers …

RAND Study Eyes Impact of Legal System Abuse and Social Inflation

A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation? Trends in Trial Awards and Insurance Claim Payments, …

Musk’s Ban on Remote Work at X Beats Disability Bias Claim for Now

A federal judge in California on Wednesday dismissed a lawsuit accusing social media platform X of forcing out workers with disabilities after Elon Musk took over the company and barred employees from working remotely. U.S. District Judge Araceli Martinez-Olguin in …

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