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Archive: November 2023

Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money
Insurance Journal | November 20, 2023
Ransomware Gang LockBit Revises Its Tactics to Get More Blackmail Money
LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd., among others, has revised the way it tries to blackmail victims because it’s disappointed with lower-than-expected ransom payments, according to …
Choice Financial Acquires Hackmeier Agency in South Florida
Insurance Journal | November 20, 2023
Choice Financial Acquires Hackmeier Agency in South Florida
Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in business since 1978, the companies said in a …
People: McCosh, Sumrall Take New Posts at McGriff
Insurance Journal | November 20, 2023
People: McCosh, Sumrall Take New Posts at McGriff
McGriff, a Charlotte-based insurance broker and subsidiary of Truist Insurance Holdings, said it has named two people to help lead its risk services division. Brandon McCosh was promoted to be national director, risk control; and Shane Sumrall was named national …
Skanska Ordered to Pay $1.7M to Florida Oyster Farm for Barges Loosed in Storm
Insurance Journal | November 20, 2023
Skanska Ordered to Pay $1.7M to Florida Oyster Farm for Barges Loosed in Storm
Skanska USA, part of one of the world’s largest construction firms, was ordered to pay almost $1.7 million to a Florida oyster farmer, three years after the firm’s barges broke loose in Hurricane Sally. The state-court jury verdict last week …
Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller
Insurance Journal | November 20, 2023
Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller
A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its …
Federal Appeals Court Strikes Down Air Pollution Permit for Texas LNG Terminal
Insurance Journal | November 17, 2023
Federal Appeals Court Strikes Down Air Pollution Permit for Texas LNG Terminal
A federal appeals court on Monday struck down a major air pollution permit issued by Texas’s environmental regulator, arguing that the state allowed improperly high emissions limits for Port Arthur LNG, a gas liquefaction and export terminal currently under construction …
Study: Medical Payments to Treat Injured Workers in Texas Stable Over Five-Year Period
Insurance Journal | November 17, 2023
Study: Medical Payments to Treat Injured Workers in Texas Stable Over Five-Year Period
Medical payments to treat injured workers in Texas were stable from 2016 to 2021, according to a new study from the Workers’ Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Texas, 24th Edition, found that stability in medical …
Toxic Chemicals Found in Wells Near Michigan Shoe Manufacturer’s Headquarters
Insurance Journal | November 17, 2023
Toxic Chemicals Found in Wells Near Michigan Shoe Manufacturer’s Headquarters
ROCKFORD, Mich. (AP) – Tests show toxic chemicals in wells near the headquarters of a western Michigan shoe manufacturer, years after the company dredged and transferred river sediment from a leather-processing tannery. There is no dispute Wolverine Worldwide used a …
People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering
Insurance Journal | November 17, 2023
People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering
This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber Howden, the London-based global insurance group, …
Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting
Insurance Journal | November 10, 2023
Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting
Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …