News
Important Only
Insurance trade groups praise enacted Georgia tort reform, urge other states to follow suit
By Michael LoneyApril 22 - (The Insurer) – Insurance trade groups have welcomed the signing of legal reform in Georgia and suggested it will help rein in abusive practices that artificially drive up insurance claims costs.Georgia Governor Brian Kemp on Monday signed both parts of the state's tor...Reuters
Tue, Apr 22
Jury finds NY Times not liable in Sarah Palin defamation case
By Luc Cohen NEW YORK, April 22 (Reuters) - A federal jury in Manhattan on Tuesday found the New York Times NYT.N not liable for allegedly defaming Sarah Palin in a 2017 editorial about gun control, dealing the former Republican U.S. vice presidential candidate a second loss at trial.The verdict ...Reuters
Tue, Apr 22
Former NSM US commercial business rebrands as $1.3 billion premium Novacore
By Michael LoneyApril 22 - (The Insurer) - Novacore has been launched as a specialty insurance provider following the sale of NSM Insurance Group’s U.S. commercial division to New Mountain Capital, with the new entity also hiring Skyward Specialty’s Chase Clark and Howden Capital Markets & Advis...Reuters
Tue, Apr 22
Spirit AeroSystems top engineer to lead Wichita site after Boeing deal closes -letters
By Allison Lampert April 22 (Reuters) - Spirit AeroSystems' SPR.N chief engineer Sean Black will lead the supplier's site in Wichita, Kansas, after Boeing BA.N completes its acquisition of Spirit this year, according to letters to employees on Tuesday from both companies.U.S. planemaker B...Reuters
Tue, Apr 22
Democrat Phillips resigns from US energy regulatory panel
WASHINGTON, April 22 (Reuters) - Willie Phillips, a Democratic commissioner on the U.S. Federal Energy Regulatory Commission, resigned on Tuesday, opening the way for President Donald Trump to nominate another member who would give the five-member panel a Republican majority.The resignation of Phill...Reuters
Tue, Apr 22
Exclusive: AF Group-owned Century Insurance’s president Cheung Kwan steps down
By James ThalerApril 22 - Cheung Kwan is leaving his post as president of AmeriTrust E&S subsidiary Century Insurance Group after eight years with the company and its predecessor Meadowbrook, and shortly after The Insurer reported that parent company AF Group is up for sale.Details on Kwan’s dep...Reuters
Tue, Apr 22
REFILE-Health Rounds: OB-GYNs are not deserting U.S. states with abortion bans
By Nancy LapidApril 22 (Reuters) - Hello Health Rounds Readers! Today we feature a study that found contrary to anecdotal reports, obstetricians and gynecologists are not leaving U.S. states with bans or severe abortion restrictions in droves. We also report on a study that found cancer immunotherap...Reuters
Tue, Apr 22
Distinguished launches admitted restaurant BOP program
By Chris MunroApril 22 - (The Insurer) - Distinguished Programs has launched a business owner’s policy (BOP) program for restaurants, with the new offering backed by capacity from an unnamed A-plus XV rated admitted carrier.The new offering has been developed specifically for casual dining restauran...Reuters
Tue, Apr 22
Democratic lawmakers press more law firms about their deals with Trump
By David Thomas April 22 (Reuters) - Democratic lawmakers said on Tuesday that they are pressing more of the largest U.S. law firms to reveal information about the deals they made with President Donald Trump to avoid executive orders targeting their businesses.U.S. Senator Richard Blumenthal of C...Reuters
Tue, Apr 22
US judge blocks Trump's shutdown of government-funded radio broadcasts
NEW YORK, April 22 (Reuters) - A federal judge on Tuesday ordered U.S. President Donald Trump's administration to halt its efforts to shut down government-funded radio broadcasts of Voice of America, Voice of America, Radio Free Asia, and Middle East Broadcasting Networks.Reuters
Tue, Apr 22
Bessent sees de-escalation in US-China trade tensions, talks to be 'a slog'
By David Lawder and Nupur Anand WASHINGTON, April 22 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a "slog," according to a pers...Reuters
Tue, Apr 22
Trump envoy heads to Moscow for more Ukraine peace talks with Putin
Witkoff to hold fourth round of talks with PutinMoscow visit comes amid other meetings in LondonZelenskiy open to talks with Russia post-ceasefireU.S. proposed recognizing Russia's annexation of Crimea, sources say MOSCOW/WASHINGTON, April 22 (Reuters) - U.S. President Donald Trump's envo...Reuters
Tue, Apr 22
Democratic state treasurers raise concerns over Musk's lack of focus on Tesla
April 22 (Reuters) - Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk's lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment.Tesla deliveries plunged 13% in the first quarter due to backlash against Mu...Reuters
Tue, Apr 22
US Supreme Court leans toward parents who object to elementary school LGBT storybooks
Religious parents oppose LGBT storybooks in public schoolMaryland school district refuses to let children opt outBy Andrew Chung WASHINGTON, April 22 (Reuters) - The U.S. Supreme Court appeared inclined to rule in favor of Christian and Muslim parents in Maryland seeking to keep their elementary ...Reuters
Tue, Apr 22
Aviva’s Blamey calls for more government incentives to encourage net-zero transition
By Rebecca DelaneyApril 22 - (The Insurer) - Aviva’s chief sustainability officer Claudine Blamey warned that the global economy remains fundamentally misaligned with meaningful progress on climate, nature and sustainability actions as she addressed a webinar hosted by the London & International...Reuters
Tue, Apr 22
FDA Alerts Of Potential Risks Associated With Compounded Topical Finasteride Products
April 22 (Reuters) - FDA:FDA: ALERTS HEALTH CARE PROVIDERS, COMPOUNDERS & CONSUMERS OF POTENTIAL RISKS ASSOCIATED WITH COMPOUNDED TOPICAL FINASTERIDE PRODUCTSFDA: AWARE OF REPORTS OF ADVERSE EVENTS INVOLVING COMPOUNDED TOPICAL FINASTERIDE PRODUCTS POTENTIALLY PUTTING CONSUMERS AT RISKFDA: THERE ...Reuters
Tue, Apr 22
United Steelworkers union still 'unalterably opposed' to US Steel-Nippon deal
By Andrea ShalalWASHINGTON, April 22 (Reuters) - The United Steelworkers union told Treasury Secretary Scott Bessent it remains "unalterably" opposed to a $15 billion bid by Japan's Nippon Steel 5401.T to buy U.S. Steel X.N, or any deal that would give Nippon influence over the company.U...Reuters
Tue, Apr 22
Compre reports net post-tax loss of $128.5 million for 2024
Operating loss of $45.3 million for 2024, down from 2023 profit of $80.5 millionLoss driven by global deal volume drop, dicounted liabilities unwinding and tail risk on certain claimsTotal transacted business was $132 million in 2024, fewer deals completedBy Michael JonesApril 22 - (The Insurer) - C...Reuters
Tue, Apr 22
Spirit AeroSystems top engineer to lead Wichita site after Boeing deal closes -letter
April 22 (Reuters) - Spirit AeroSystems' SPR.N chief engineer and technology officer, Sean Black, will lead the company's site in Wichita, Kansas, after planemaker Boeing BA.N completes its acquisition of Spirit this year, according to a letter to employees on Tuesday seen by Reuters.Black w...Reuters
Tue, Apr 22
