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Archive: February 2023

New Zealand Braces for Cyclone Gabrielle, Just Days After Devastating Floods
Insurance Journal | February 10, 2023
New Zealand Braces for Cyclone Gabrielle, Just Days After Devastating Floods
Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described as potentially “the most serious storm to impact New Zealand this century” is forecast to hit in coming days. The …
Judge Rejects Family Members’ Bid to Reopen Boeing 737 MAX Plea Deal
Insurance Journal | February 10, 2023
Judge Rejects Family Members’ Bid to Reopen Boeing 737 MAX Plea Deal
A U.S. judge in Texas late on Thursday denied a legal bid by families of the victims of two Boeing 737 MAX crashes to reopen or reject a January 2021 deferred prosecution agreement. Boeing won immunity from criminal prosecution as …
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud
Insurance Journal | February 10, 2023
Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud
Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. nickel fraud Trafigura has spent the past two months uncovering what it …
People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
Insurance Journal | February 10, 2023
People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
Liberty Mutual Names Korte to New Underwriting Leadership Position Liberty Mutual Insurance has appointed Dieter Korte as Global Risk Solutions North America chief underwriting officer, middle market. Korte has more than 30 years of underwriting and leadership experience. Before Liberty …
‘Overworked’ Media Worker Who Died at His Desk Sparks Probe in Thailand
Insurance Journal | February 10, 2023
‘Overworked’ Media Worker Who Died at His Desk Sparks Probe in Thailand
Thailand has launched a probe into the death of a media worker who died at his desk from a heart attack, after allegedly working overtime for extended periods. Labor minister Suchart Chomklin ordered an investigation this week into the death …
EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations
Insurance Journal | February 10, 2023
EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations
A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to force companies to check whether their suppliers use slave or child labor, or pollute the environment. The EU’s executive European …
Ohio Residents Can Return After Air Deemed Safe from Derailment
Insurance Journal | February 10, 2023
Ohio Residents Can Return After Air Deemed Safe from Derailment
Evacuated residents can safely return to the Ohio village where crews burned toxic chemicals after a train derailed five days ago near the Pennsylvania state line, East Palestine Fire Chief Keith Drabick said. Authorities in East Palestine had warned that …
Nevada Lawsuit with Ex-ACLU Observer Settled for $250K
Insurance Journal | February 10, 2023
Nevada Lawsuit with Ex-ACLU Observer Settled for $250K
The Reno City Council approved a $250,000 settlement Wednesday with a former American Civil Liberties Union official who was shot by police with rubber bullets while serving as a legal observer at a 2020 civil rights protest in the wake …
Hilb Buys Nowell in Mississippi, Alkeme Acquires PEO Exchange in Florida
Insurance Journal | February 10, 2023
Hilb Buys Nowell in Mississippi, Alkeme Acquires PEO Exchange in Florida
Hilb Group Buys Nowell Agency in Mississippi The Hilb Group has expanded into Mississippi with the acquisition of The Nowell Agency, the property insurance brokerage and benefits firm announced. The Nowell Agency has offices in Brandon, Greenwood, Tupelo, Byram and …
North Carolina’s 1930s Libel Law Likely Unconstitutional – Federal Appeals Court
Insurance Journal | February 10, 2023
North Carolina’s 1930s Libel Law Likely Unconstitutional – Federal Appeals Court
A federal appeals court sided again with North Carolina’s attorney general on Wednesday, saying a 1931 libel law is most likely unconstitutional. Josh Stein has sought to block a fellow Democrat from using the law to prosecute him over a …