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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 …
Liberty Mutual Records $219M Q3 Net Income
Insurance Journal | November 9, 2023
Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. “Solid underwriting results in our Global Risk Solutions business and the tailwind from …
Risk Strategies Acquires New York’s Prince Associates
Insurance Journal | November 9, 2023
Risk Strategies Acquires New York’s Prince Associates
National specialty broker Risk Strategies has added a Long Island commercial lines agency to its roster. Boston-based Risk Strategies announced its acquisition of Prince Associates, Inc., a multi-line retail independent insurance agency founded in 1964 and based in Hicksville, New …
Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports
Insurance Journal | November 9, 2023
Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports
A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for commodity exports just as farmers in the war-battered nation are in the midst of this year’s harvest. A 750-feet iron …
Court Revives Retaliation Claim by Syracuse University Student Who Reported Sexual Assault
Insurance Journal | November 9, 2023
Court Revives Retaliation Claim by Syracuse University Student Who Reported Sexual Assault
Syracuse University must face a claim by a female student who alleges school officials retaliated against her after she filed a sexual assault complaint against a male athlete. A federal district court in September 2022 dismissed Jane Doe’s deliberate indifference, …