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Archive: January 2024

Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Insurance Journal | January 31, 2024
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership …
Louisiana Medical Group to Pay $480K Over Phishing Attack
Insurance Journal | January 31, 2024
Louisiana Medical Group to Pay $480K Over Phishing Attack
The U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), last month announced that Lafourche Medical Group, a Louisiana medical group specializing in emergency medicine, occupational medicine, and laboratory testing, agreed to a settlement over a …
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy
Insurance Journal | January 31, 2024
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy
Bayer AG faces mounting pressure to come up with a new plan for handling its Roundup weedkiller litigation after getting hammered by US jury verdicts totaling almost $4 billion over the last three months. The German conglomerate’s latest courtroom loss …
Highway Repairs Underway in Ohio Following Tanker Truck Crash and Fuel Spill
Insurance Journal | January 31, 2024
Highway Repairs Underway in Ohio Following Tanker Truck Crash and Fuel Spill
MACEDONIA, Ohio (AP) — Authorities have identified the tanker truck driver killed in a crash in Ohio that spilled thousands of gallons (liters) of diesel fuel over the weekend as repairs to the highway continue. The Summit County medical examiner’s …
Oklahoma’s Mulready Re-Appointed Chair of American Indian and Alaska Native Liaison Committee
Insurance Journal | January 30, 2024
Oklahoma’s Mulready Re-Appointed Chair of American Indian and Alaska Native Liaison Committee
Oklahoma Insurance Commissioner Glen Mulready has been re-appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the American Indian and Alaska Native Liaison Committee in 2024. He was also named Vice-Chair of the Health …
Arthur J. Gallagher & Co. Acquires Iowa’s Horak Insurance
Insurance Journal | January 30, 2024
Arthur J. Gallagher & Co. Acquires Iowa’s Horak Insurance
Arthur J. Gallagher & Co. announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients as well as farms in …
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
Insurance Journal | January 30, 2024
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting Appoints Head of Specialty Carbon Underwriting Ltd., the London-based, managing …
Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem
Insurance Journal | January 30, 2024
Aviation Sector Sees No Quick Tech Solution to GPS ‘Spoofing’ Interference Problem
Global regulators, aviation security specialists and manufacturers failed to reach an agreement on a quick technical fix to the problem of GPS spoofing near war zones at a meeting on Thursday [Jan. 25], instead calling for better training of pilots …
Latin American Agents Offer Membership to USF Insurance Students
Insurance Journal | January 30, 2024
Latin American Agents Offer Membership to USF Insurance Students
The Latin American Association of Insurance Agents has teamed up with the University of South Florida to expand awareness of insurance industry trends, best practices and emerging technology, for students as well as professionals. LAAIA said in a news release …
Virginia Police Officer Denied Workers’ Compensation Despite Statutory Presumption
Insurance Journal | January 30, 2024
Virginia Police Officer Denied Workers’ Compensation Despite Statutory Presumption
A Virginia police officer has been denied workers’ compensation benefits for a heart condition despite the state law that his condition is presumed to be work-related. The Virginia Workers’ Compensation Commission (VWCC) has ruled that the officer’s public university employer, …