INSURANCE NEWS

The Legal Tensions of Collaboration and Competition in the Life Sciences Industry

Moderna’s suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement – and the targets’ countersuit – might suggest an abrupt return to business as usual after an unprecedented period of cooperation among life sciences companies during the height …
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People Moves: Hylant Names Reyes Risk Leader and Adds NC Benefits Team Members

Hylant, one of the larger privately held insurance brokers in the country, has made a number of personnel changes in recent weeks. Alejandro Reyes will lead Ohio-based Hylant’s business risk consulting teams, which help clients manage operational risks, the company …
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Assumable Mortgages Could Save Buyers Thousands in Interest, Startup Says

A New York startup company said it is now offering a platform that will make it easier for homebuyers to assume a mortgage from the seller, potentially saving buyers significantly over current interest rates. Roam, as it’s known, launched last …
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Law Enforcement Seizes Museums’ Artworks Believed Stolen During Holocaust

Three artworks believed stolen during the Holocaust from a Jewish art collector and entertainer have been seized from museums in three different states by New York law enforcement authorities. The artworks by Austrian Expressionist Egon Schiele were all previously owned …
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Turbulence as P&W Engine Flaw Forces Airlines to Lease More Craft and Crews

(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt & Whitney geared …
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People Moves: ReSource Pro Names Boyer as VP; Distinguished Programs Adds Kerrigan as General Counsel

ReSource Pro, headquartered in New York, N.Y., named Brittany Boyer as its Vice President of Product. Boyer brings with her over 17 years’ experience in the insurance industry. Before joining ReSource Pro, Boyer served as executive director of client strategy …
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New York Contractor Sentenced for Defrauding State Workers’ Comp Fund

A drywall contractor has been sentenced to six months in jail for defrauding the New York State workers’ compensation insurance fund out of almost $3 million in premiums over an eight-year period. The Manhattan District Attorney announced the sentence this …
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Houston Contractor Exposed Workers to Falls, Electrical Hazards, and Amputations, U.S. Department of Labor Investigation Finds

A U.S. Department of Labor workplace safety investigation has found that a Houston-based contractor willfully and repeatedly exposed its workers to falls, electrical hazards and amputations. Following a March 9, 2023, complaint, investigators with the department’s Occupational Safety and Health …
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Ohio Roofing Contractor Faces $548K in Fines for Exposing Workers to Deadly Fall Hazards

On four occasions in less than three months in 2023, U.S. Department of Labor inspectors observed a Millersburg, Ohio roofing contractor again exposing workers to deadly fall hazards of up to 19 feet at four residential roofing job sites in …
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Louisiana Battling Unprecedented Wildfire Season Amidst Record Heat and Drought

BATON ROUGE, La. (AP) – Louisiana, typically one of the wettest states in the country, is on fire. In communities often challenged by flooding and hurricanes this time of year, firefighters instead are fending off 300-foot-tall (91.44 meters) blazes during …
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Indiana Attorney General Sues State’s Largest Hospital System Over Privacy of Ohio Girl Who Traveled for Abortion

NDIANAPOLIS (AP) – Indiana`s attorney general has sued the state`s largest hospital system, claiming it violated patient privacy laws when a doctor publicly shared the story of an Ohio girl who traveled to Indiana for an abortion. The lawsuit, filed …
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People Moves: Ohio Mutual CFO Hendrix Announces Retirement; Wallen to Assume Position in January

Ohio Mutual CFO Hendrix Announces Retirement; Wallen to Assume Position in January Ohio Mutual Chief Financial Officer David Hendrix will retire from the company effective December 31. Current Corporate Controller Andrew M. Wallen will assume the role of chief financial …
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