National News

NOAA: Arctic Summer Surface Air Warmest on Record

A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2 degrees Fahrenheit or more above the 1991-2020 …

US Officials Say Russian Hackers Are Launching Potential SolarWinds-Style Operations

U.S. officials say that Russian hackers are targeting servers hosting outdated versions of software made by the Czech tech company JetBrains for potential SolarWinds-style espionage operations. In a statement released on Wednesday, the U.S. National Security Agency, the FBI and …

NHTSA Opens Probe Into 447,000 VW, Audi Vehicles

A U.S. auto safety regulator said on Thursday it is opening an investigation into 447,000 Volkswagen Golf and Audi A3 and cars over fuel leak reports and whether a 2016 recall adequately addressed the issue. The National Highway Traffic Safety …

Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door

While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise …

Trends in Auto Thefts Add to Rising Claim Costs

Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023 after rising …

Tesla Critics Say the Autopilot Recall Fixes Don’t Go Far Enough

Tesla Inc.’s decision to fix more than 2 million vehicles’ Autopilot driver-assistance systems after a federal probe drew some praise from safety advocates, but many said the company should be taking additional steps to ensure drivers are paying full attention …

GM’s Cruise Robotaxi Unit Dismisses Nine Execs After Safety Probe

General Motors’ Cruise robotaxi unit dismissed nine key people amid an ongoing safety investigation, according to a memo seen by Reuters on Wednesday, which the company confirmed included Chief Operating Officer Gil West. The investigation relates to an Oct. 2 …

Ryan Specialty Forms International Financial Lines MGU Ryan Financial Lines

Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines. This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux; StartPoint Executive Risks, led by Mark Peeters …

Tech Update: Chubb and NetSPI Launch Cyber Protection Partnership

Chubb announced a collaboration with NetSPI, a global provider proactive security. The pairing is designed to strengthen clients’ cyber-risk profiles with enhanced attack surface management and penetration testing solutions. According to a press release, Chubb policyholders in the U.S. and …

Agency E&O Webinar: Panelists Discuss Changing Exposures, AI & More

While today’s insurance agency errors and omissions market remains mostly stable, emerging exposures, cyber risk, natural disasters and more could shape its course ahead. Insurance Journal gathered three experts to share their perspectives on the market’s latest developments and outlook …

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