The Weekly Top 10 from Front Page News Zywave News Leslie Ann Jose-Castillo, Front Page News This week we covered such topics as Best's warning that the 'art and science' of estimating reserves is being challenged, the average 1% increase in global P/C insurance prices, and the average insurance gap after cyber events. We continue to get our subscribers the best possible news and information to stay on top of the latest trends and happenings. If you missed something over the last several days, we've put together some of the top stories of the week right here. As always, thanks for reading FPN.

Aon completes $13B purchase of middle-market insurance broker NFP Mergers & Acquisitions Aon plc has completed its $13 billion purchase of middle-market insurance broker, wealth manager, and benefits consultant NFP. The deal, which was closed earlier than expected, involves $7 billion in cash and $6 billion in Aon stock.

Insurance rates stabilizing thanks to legal reforms, officials say. But homeowners still feeling pain. Insurance Market Lawsuits against property insurers declined by more than 20% in the first quarter of 2024 compared to the previous quarter, and that's fueling market confidence that's beginning to stabilize homeowner insurance rates in Florida, the state's chief financial officer said.

Cast Your Vote for the 2024 Zywave Cyber Risk Awards! Zywave Data The finalists are in for the 11th annual Cyber Risk Awards hosted by Zywave! It's time to cast your vote and select the winners! Don't be left on the sidelines - tell us who should be honored this year. Voting is open until Friday, May 17 at 11:45 p.m. ET, and winners will be announced at a black-tie gala in New York City on Thursday, June 13.

DHL to pay Chicago-area drivers $8.7 million in EEOC racial discrimination settlement Discrimination DHL has agreed to pay $8.7 million to resolve a long running lawsuit brought by the Equal Employment Opportunity Commission alleging the delivery company discriminated against Black workers in the Chicago area.

WTW reports 4% uptick in revenue, predicts $9.9 billion revenue for full-year 2024 Earnings Total revenue in the first quarter of 2024 reached $2.3 billion, up 4% from $2.2 billion in the prior-year quarter, according to WTW. On an organic basis, the London-based insurance advisory and brokerage firm's revenue climbed 5%.

WAPA says insurers 'refused to pay' for 2017 hurricane damages Litigation The V.I. Water and Power Authority's insurers "have refused to pay for hurricane related damages" caused by Irma and Maria in 2017, according to a new amended complaint that provides additional details about the long-running dispute.

Judge approves settlement of more than $500 million from Philips recall Product Recall District Judge Joy Flowers Conti approved a settlement on Thursday that will provide more than $500 million to people who purchased, leased or rented recalled Philips devices.

Lincoln-based Ameritas settles class-action suit over 2019 data breach Data Breach Lincoln-based Ameritas has agreed to pay up to $850,000 to settle a class-action lawsuit filed by a North Carolina woman over a 2019 data breach.

Bill requiring liability insurance for gun owners advances to full Senate Legislation Gun legislation continues to advance at the Colorado Capitol before lawmakers wrap up for the year. A bill requiring gun owners to insure their guns cleared another hurdle Wednesday.

Judge declines to dismiss lawsuits filed against rapper Travis Scott over deadly Astroworld concert Litigation A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge.