Recent Insurance Industry News

Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels

• Abbott, Reckitt Score First Victory in Baby Formula Trial

• Companies Are Dropping the D or E From DEI to Avoid Criticism

• Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best

• Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says

• People Moves: Marsh Promotes Lang, Aronson, Rouse in Placement Strategy; Chubb Expands Merna’s Role to Include Multinational Clients

Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best

• Deadly Spain Floods Show Difficulty of Adapting to Intense Rains

• Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

• Kremlin Says Google Should Lift YouTube Block on Russian Broadcasters

• Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners

• Ardonagh Advisory Agrees to Acquire Rowett Insurance Broking in UK

Court Upholds Firing of Philadelphia Cops Over Offensive Facebook Posts

• Delaware Voters to Elect Insurance Commissioner

• Jaywalking Is Now Legal in New York City. It’s Still Risky.

• Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage

• Retrial Begins in Civil Suit Against Contractor Accused in Abu Ghraib Prison Scandal

• Ship Owner in Baltimore Bridge Collapse Blames Maryland, Others in Liability Case

Data Centers Will Have to Make Minimum Power Payments in Ohio

• Judge Dismisses Lawsuit Against Minnesota Trooper in Fatal Shooting of Black Man

• Missouri Jury Asked to Award More Than $6B in Preterm Formula Case

• Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student

• Missouri Farm Cooperative Fined $241K for Lacking Proper Equipment

• Farm Bill Becomes Lightning Rod in Wisconsin Senate Race

Texas Pecan Farmers Fight to Save Water Supply

• Delta-8 Hemp, Medical Marijuana Industries to Face Off in Texas Legislative Session

• Texas Assisted Living Facility Fined for Firing Nurse With Sleep Disorder

• Landmark Admin Reports Data Breach, Exposing 800,000 Users’ Information

• Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud

• Louisiana DuPont Plant Fined $480K for Releasing Cancer-Causing Chemical

KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts

• Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds

• Regional Banks With Florida Operations Brace for Loan Defaults After Hurricanes

• ICEYE Analysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit

• TPG’s Exactech Goes Bankrupt After Lawsuits Over Recalled Implant Devices

• Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials

Los Angeles County Sues PepsiCo and Coca-Cola Over Plastic Pollution

• Washington Farm Labor Contractor Fined $140K for Withholding Info From Workers

• Delos in California Secures Another $9M Funding

• InterWest Acquires McDermott-Costa Insurance Brokers in California

• California Plans to Rev up Sales of Electric Motorcycles

• NTSB Preliminary Report Details Fiery but Safe Emergency Landing of Plane in Las Vegas