Monthly Archives: <span>January 2024</span>

Grain Insurance Program Could Be Blueprint for Ukraine’s Return to Air Travel: Doyle

Ukraine is working “intensively” with partners to restore air travel suspended for nearly two years, with the main focus on Boryspil International Airport outside the capital Kyiv, a presidential official said on Thursday. Ukraine’s airspace was abruptly closed by Russia’s …

Owner of Michigan Insurance Agency Charged With Embezzlement

The owner of a Michigan insurance agency has been charged with embezzling money from employees by misappropriating payroll deductions, announced Attorney General Dana Nessel. Nancy Caviston, 76, of Superior Charter Township, was arraigned Thursday on charges of embezzlement and wage …

Kansas Court System Seeks $2.6M to Recover from Cyberattack

TOPEKA, Kan. (AP) — The Kansas court system needs at least $2.6 million in additional funds to recover from an October cyberattack that prevented the electronic filing of documents and blocked online access to records for weeks, the state’s top …

Spanish Court Rules Facebook Moderator Suffered Work-Related Mental Trauma

A Spanish court has ruled a former Facebook moderator’s mental health was damaged by his work reviewing graphic content such as beheadings, in a case that could have implications for how social media firms work with moderators. The Barcelona court, …

People Moves: Zurich N.A. Names Chai CRO; World Insurance Associates Names Peterson Chief Growth Officer

Zurich North America names Chai Chief Risk Officer Zurich North America appointed Ann Chai as chief risk officer. She is based in Zurich North America’s Schaumburg, Ill., headquarters. Chai, who previously served as head of finance for U.S. Middle Market …

Melting Greenland Has Lost 1 Trillion Tons More Ice Than Previously Thought

The Greenland ice sheet, an expanse of frozen water about three times the size of Texas, is disappearing much faster than previously thought, according to new research, and the difference may already be affecting the distribution of heat around the …

Near Record Jump in CO2 Emissions This Year Risks Climate Goal

Carbon dioxide emissions are on track for one of the biggest increases on record this year, pushing the planet closer to catastrophic climate change. That jump is the result human-induced pollution, plus the El Niño weather pattern, which weakens the …

Markets/Coverages: Hub International Starts Property Practice

Brokerage Hub International announced Jan 18 that it is today the launch of the HUB Property Practice. Blake Giannisis, who recently joined Chicago-based HUB as executive vice president, will serve as North American property practice leader and will lead the …

Another View: Yes, P/C Industry Underwriting Profit Will Be Back in ’24

Not all analysts think an underwriting profit is out of reach for 2024. While a recent forecast from Fitch Ratings puts the 2024 combined ratio above 100, an improvement from 2023, a report by Swiss Re Institute projects both 2024 …

Alera Group Buys Med Mal Insurer CLS Healthcare Liability

Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians, surgeons, hospitals, locum tenens firms, nurse staffing firms and …