National News

Independent Agents Are Shopping Premiums Despite Record High Carrier Satisfaction

Independent insurance agents report unprecedented satisfaction with their carrier partners, but that doesn’t mean they aren’t keeping their options open due to the rising cost of premiums. According to the J.D. Power 2023 U.S. Independent Agent Satisfaction Study, overall agent …

Consumer Product Injuries Continue to Rise After Low in 2020

Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021 and 7.8% in 2022, according to the Consumer Product Safety Commission (CPSC). The agency reported that in the first seven …

People Moves: BHSI Promotes Meyer to Head of Product Liability, North America; Forte Named President of Berkley Public Entity

Berkshire Hathaway Specialty Insurance (BHSI) announced it has promoted Angela Meyer to head of Product Liability in North America. She was previously head of Life Sciences in North America. Meyer joined BHSI in 2014 as senior underwriter, casualty, and has …

McDonald’s, Wendy’s Defeat Lawsuit Over Size of Burgers

McDonald’s and Wendy’s have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. In a decision on Saturday, U.S. District Judge Hector Gonzalez in Brooklyn found no proof that the fast-food chains delivered …

Appeals Court Blocks Venture Capital Fund’s Grant Program for Black Women

A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding to businesses run by Black women in a case by the anti-affirmative action activist behind the successful U.S. Supreme Court …

Microsoft CEO Says Tech Giants Battling for Content to Build AI

Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive deals with publishers. Testifying in a landmark U.S. …

US Supreme Court to Hear Warner Music Case on Limits to Copyright Damages

The U.S. Supreme Court on Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner Music’s Atlantic Records label after hip-hop artist Flo …

Temporary Fix Keeps National Flood Insurance Operating but Only Until Nov. 17

Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund the federal government, keeping the NFIP in business – but only until …

People Moves: Aspen Promotes Bianconi to Global Head of Cyber; WTW’s Corporate Risk & Broking Unit Taps Marsh’s Beldy Torborg for 2 Exec Roles

Aspen Promotes Bianconi to Global Head of Cyber Bermuda-based Aspen Insurance Holdings Ltd. has appointed Bobby Bianconi as global head of Cyber. Bianconi has been with Aspen since 2016 and brings over 1o years of dedicated underwriting experience, most recently …

Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage

Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were more ill than they actually were. The settlement, reached on Friday, …

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