National News

Justice Department Sues Apple in Antitrust Case Over iPhone

The US Justice Department and 16 attorneys general sued Apple Inc., accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices. The suit, filed Thursday in New Jersey federal …

US Warns That Hackers Are Carrying Out Disruptive Attacks on Water Systems

The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country. In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan …

EPA Bans Asbestos, Still in Use Decades After Partial Ban

The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that kills tens of thousands of Americans every year but is still used in some chlorine bleach, brake pads and other products. The final rule marks …

Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring

Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by late April. …

RT Specialty’s Austenfeld Elected WSIA President

Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by membership at the organization’s annual business meeting earlier this month. She …

Climate Change Speeds Up as Major Indicators Blow Off the Charts, WMO Warns

All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations’ World Meteorological Organization warned they were “off the charts.” The lives of millions of people were upended by natural …

Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023

Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 …

Markets/Coverages: CFC Introduces Carbon Delivery Insurance Policy

Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC said its new carbon delivery insurance is the first to cover both the physical and political risks faced by businesses …

Expert: ‘Unceasing Onslaught’ of Legal Ads Worth Insurance Industry Attention

Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are worth your attention. “Especially for those in the …

Homeowners Insurance Customer Satisfaction at 7-Year Low

With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study released today. More extreme weather events …

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