Recent Insurance Industry News

Microsoft Azure’s Services Restored After Global Outage

• FIO: Insurer Litigation Expenses Dipped Slightly Between 2023 and 2024

• AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex

• Hacking Firm Boss Pleads Guilty to Stealing, Selling Secrets

• The Hanover Reports 75% Growth in Q3 Net Income

• OpenAI Sued for Trademark Infringement Over Sora’s ‘Cameo’ Feature

AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex

• Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens

• Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels

• Jamaica’s Grid Was Not Ready for Hurricane Melissa

• WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%

• Ship With Radioactive Zinc Dust Stuck Near Philippine Port, Official Says

Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student

• Congress Shielded Gun Firms From Lawsuits. Some Blue States Eye Loophole

• Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach

• People Moves: NFP Appoints Keefe Head of Northeast Broking

• Massachusetts Survey Identifies Safety Issues for Assisted Living Residences

• Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother

Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement

• GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant

• South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices

• People Moves: Alliant Names Lapinski to Employee Benefits Group

• EPIC Acquires Illinois’ Price Insurance

• People Moves: Evans Jr. Elected President of Big I Illinois

Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars

• EverPeak Launches Workers’ Comp in Arkansas

• Fermi Orders Four Big Nuclear Reactors in Texas

• Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care

• Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M

• Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks

Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls

• Monkeys Escape From Overturned Truck on Mississippi Highway

• Federal Judge in Mississippi Admits Staff Used AI to Draft Inaccurate Order

• Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case

• Florida Jury Awards $20 Million in J&J Talcum Powder Mesothelioma Lawsuit

• Rebuilding Begins After Drenching Rains Flood Parts of Central, South Florida

FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit

• People Moves: Aspire Promotes Alam to Chief Financial Officer

• ‘Catastrophic’ Hack Underscores Public Defender Security Gaps

• SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims

• Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis

• Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona