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Jury Says Syngenta Must Pay Kansas Farmers $217.7M in GMO Corn Case

A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The June 23 verdict by a federal …

Halter Named Director of AF Specialty

AF Group, headquartered in Lansing, Mich., has appointed Eric Halter as director of AF Specialty, a new brand focused on providing fronting capacity to insurance carriers, managing general agents, reinsurance intermediaries and captive managers. Halter will partner with entities who …

Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale

Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive Inga Beale said. The Lloyd’s of …

Number of Compound Drug Prescriptions Falling in Texas Workers’ Comp System

A report released in May by the Texas Department of Insurance – Division of Workers’ Compensation shows that while the number of compounded drug prescriptions in the workers’ comp system grew between 2010 and 2014, there was a steady decrease …

AIR Worldwide Launches Crop Hail Model for Canada

Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …

RPG Promotes D’Onofrio to CEO of WKFC Underwriting and CorRisk

Ryan Specialty Group (RSG) announced that Dawn D’Onofrio has been promoted to chief executive officer and president of WKFC Underwriting Managers and CorRisk Solutions. D’Onofrio previously served as chief underwriting officer for both RSG subsidiaries. As CUO since 2011, D’Onofrio …

Utah Tattoo Parlor Settles with Man Who Has HIV

A 27-year-old Utah college student with HIV has reached a settlement with a tattoo parlor that denied him service based on his medical condition. The Salt Lake Tribune reported that denying the student service was a violation of the Americans …

$300K Settlement in 2012 Utah Fire to be Paid by Insurer

Utah officials have reached a $300,000 settlement with a man accused of starting a 2012 fire that led to the evacuation than 1,000 northwestern Utah homes. The Daily Herald reported the Utah County Commission approved the settlement with Kenneth Nielsen …

California Assembly Speaker Sidelines Single Payer Bill until 2018

California Association of Health Underwriters President Rick Coburn applauded actions taken by Assembly Speaker Anthony Rendon, D-Lakewood, to sideline a bill that would create a single payer healthcare system in the state until next year. The Speaker postponed any further …

Hartford Group to Transfer 29% of Pension Liabilities to Pru

Insurer Hartford Financial Services Group Inc. said on Monday it would transfer $1.6 billion, or 29 percent, of its pension liabilities to Prudential Financial Inc. Hartford is the latest U.S. firm to transfer its pension obligations as rising interest rates …

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