INSURANCE NEWS
Air Lease Gets Insurance Settlement for 4 Jets Stranded in Russia
Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked from leaving the country after Moscow’s …
People Moves: Everest Promotes Browne to Global Head of Accident & Health; Miller Appoints Board From Conduit Re for Reinsurance Team
Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Glen Browne has been appointed to global head of Accident & Health (A&H), effective immediately. Browne will continue to report to Adam Clifford, co-lead of Everest Insurance International. …
Michigan State Approves Settlements With Families of Students Slain in Mass Shooting
EAST LANSING, Mich. (AP) – Michigan State University trustees have approved settlements with the families of three students slain during a mass shooting earlier this year on the school`s campus. Trustees voted unanimously last Friday to approve separate claims with …
Wisconsin Halts Development of Groundwater Standards for PFAS Chemicals Due to Excessive Compliance Costs
MADISON, Wis. (AP) – Excessive compliance costs have forced Wisconsin regulators to stop developing standards limiting so-called forever chemicals in groundwater, Gov. Tony Evers said Tuesday. The Department of Natural Resources has been working on groundwater standards for PFAS chemicals …
Jury Dismisses Suit Claiming LSU Officials Retaliated Against a Former Athletics Administrator
BATON ROUGE, La. (AP) – A jury on Wednesday dismissed a lawsuit accusing top Louisiana State University officials of retaliating against an athletics administrator for reporting alleged inappropriate sexual behavior by a head football coach. After six days of testimony, …
Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were …
Risk Strategies Buys Florida-based Setnor Byer Brokerage
Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the deal were not disclosed. Founded in 1981, Setnor …
Appeals Court Finds Rules for Oregon’s Climate Program Invalid
A state appeals court in Oregon decided the rules for a program designed to limit and drastically reduce greenhouse gas emissions from fossil fuel companies are invalid. The program, started in 2022, is one of the strongest climate programs in …
7th Person in Tennessee Dies from Tornado
NASHVILLE, Tenn. (AP) — A seventh person in Tennessee has died from injuries she suffered during a string of powerful storms earlier this month that whipped up destructive tornadoes, according to police. Penny Scroggins, a 78-year-old from Clarksville, died Saturday …
US Airlines Ready for Busier Holiday Travel After 2022 Meltdown
U.S. airlines say they are prepared for busier end of year holiday travel compared with the same peak period a year earlier, when storms led to thousands of canceled flights and congestion. The U.S. Federal Aviation Administration expects Thursday to …
People Moves: Triple-I Adds 4 Non-Resident Scholars; Tate Appointed Aspen’s Head of Product for Inland Marine; Schuermann Named President of Berkley Entertainment
The Insurance Information Institute (Triple-I) announced the appointment of four new Non-Resident Scholars (NRS). Teresa Chan, Director – Insurance Management Program School of Professional Studies, Columbia University Seth Rachlin, Assistant Teaching Professor, Social Data Science, Arizona State University Joan T. …
People Moves: Parkinson Joins Signers National; Baynes to Succeed Crawford at New York Municipal Reciprocal
Signers National, a specialty insurance agency group focused on commercial real estate, nonprofits and human service organizations, headquartered in New York, N.Y., hired Chris Parkinson as chief information officer (CIO). Parkinson most recently served as senior vice president of global …