Recent Insurance Industry News

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

• Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves

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

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

• Markel Insurance Restructures Markel Specialty, Appoints Leaders

• Safeguarding the Marine Transportation System: New Cybersecurity Rules

IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace

• WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations

• British Food and Clothing Group M&S Discloses Cyber Incident

• Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse

• Top Japanese Firms Scrap Employment System That Held Women Back

• Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits

Update on New Jersey Wildfire: 30% Contained, Evacuation Orders Lifted

• Lawmakers Urge FAA to Address Safety Issues at Washington Airport After Incidents

• Jury Again Finds NY Times Not Liable in Sarah Palin Defamation Case

• People Moves: Vermont Mutual’s Clark Named Io International Group Post

• Multiple Security Failures? Arsonist Faced Little Resistance as Governor and Family Slept

• NJ Accuses Messaging App Discord of Exposing Kids to Violent Content, Predators

Insurance Industry Charitable Foundation Establishes Minnesota Chapter

• Minnesota Senior Living Facility Fined $73K for Pregnancy Discrimination

• Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash

• Inszone Acquires Missouri’s Davidson Insurance Agency

• ALKEME Acquires Michigan’s Crawford Insurance Group

• Norfolk Southern and OxyVinyls Reach Agreement on $600M Settlement

Texas-Based Insurtech Steadily Secures $30M Series C Round

• Outsourcing Firm to Pay $250K For Discriminating Against Blind Employee in Texas

• Texas Farmers Fear Proposed Legislation Could Devastate Hemp Economy

• Lawsuits Against BP Over Health Impacts of Deepwater Horizon Oil Spill Stalled

• Communities Reeling From Deadly Tornadoes in Texas and Oklahoma

• AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

Pet Insurance, Agents Gets a Shorter Leash Under Bill DeSantis Signed Into Law

• Researchers Testing Textured Seawall in Miami to Hold Back Rising Seas

• Everglades Restoration Aims to Protect Florida Keys, Water, State Economy

• Delta Plane Catches Fire at Orlando Airport in Latest Incident for Airline

• South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme

• Transatlantic Underwriters Expands Into Property, Liability Coverage, Names Flores SVP

Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California

• A ‘Low-Attention Disaster,’ Mountain Fire Survivors Recover in LA’s Shadow

• Report: California’s New Vehicle Market Outlook Clouded by Tariffs

• Viewpoint: California’s Latest Insurance Privacy Bill Would Add Layer of Regulation

• Relation Insurance Acquires True-Course Insurance Services in California

• Alaska Native Who Alleged Wrongful Murder Conviction Reaches $11.5M Settlement