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The U.S. Department of Justice moved Tuesday to make marijuana use a less serious federal crime, taking a step to reclassify the drug out of a category that includes heroin in a shift that, once completed, would shake up cannabis policy nationwide.

Specialty insurance broker CAC Specialty Tuesday said former Marsh LLC senior vice president Charles Scheerer has been appointed to the newly created position of executive vice president.

Workers compensation bureau loss costs are decreasing, mostly due to changes in payroll used to calculate premiums, along with a continued decline in injury claim frequency, according to a report released Tuesday by the National Council on Compensation Insurance.

Opioid prescriptions per workers compensation claim dropped by 9.7% in 2023, spearheading drops in prescribing of other common alternative medications used to manage pain, according to a drug trends report released Tuesday by Enlyte LLC.

A Mexican doctor just got the deal of a lifetime from Cartier: $13 U.S. dollars for a $13,000 pair of earrings after the company made a typo on its website, missing three zeros – “$237” pesos instead of “$237,000”— that spurred Mexico’s federal consumer protection agency’s involvement.

The U.S. Department of Labor said Tuesday that it issued widespread citations following impact inspections at 14 mines in 11 states.

Aon Risk Solutions announced Monday in its pricing index for first-quarter 2024 that the average cost of $1 million in directors and officers coverage decreased 29.9% from the year-ago period, making it the eighth consecutive quarter for price decreases.

Ascot Group Ltd. said Tuesday it promoted Erin Osborne to head of U.S. excess casualty.

Arch Capital Group Ltd. on Monday posted a 57.4% rise in first-quarter profit, driven by strong underwriting and higher investment income.

Insured natural catastrophe losses continue to be driven by hail damage during severe convective storm outbreaks, highlighting the need to mitigate and prevent such damage.

Risk Strategies Co. on Monday named Marshall Heron, a former Insurance Group of America LLC executive, as national real estate practice leader.

AF Group, a Lansing, Michigan-based insurer that provides workers compensation and specialty insurance, said Monday that it has appointed Kriss Barronton chief operating officer, a newly created role.

Insured losses caused by natural catastrophes reached at least $17 billion for the first quarter of 2024 and were slightly above the average of $16 billion, according to a report Monday from Aon PLC.

Marsh LLC Monday announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility.