Monthly Archives: <span>January 2020</span>

Alera Group Acquires AMCORP in San Antonio

Alera Group, a national employee benefits, property/casualty, retirement services and wealth management firm, has acquired AMCORP, a benefits consulting and financial planning firm located in San Antonio, Texas. Founded in 1981 and led by Vince Zinsmeyer and Craig Zinsmeyer, AMCORP …

Outlooks to Revised to Stable for Missouri Valley Mutual Insurance

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, South Dakota. Missouri …

Oklahoma AG Sues 3 Opioid Distributors

Oklahoma Attorney General Mike Hunter on Jan. 13 brought a lawsuit against three distributors of opioids after winning a lawsuit against one drug manufacturer and reaching pretrial settlements in other cases. Hunter filed the lawsuit in Cleveland County District Court …

Insurer to Pay Settlement in Title IX Suit Against Southern Arkansas University

A former Southern Arkansas University student has settled a lawsuit with the university in Magnolia alleging SAU acted with “deliberate indifference” when she reported being sexually assaulted in 2015. The woman’s filed a Title IX lawsuit in 2018 that said …

An Update on Florida Insurer Downgrade Situation: Demotech Commentary

Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews and rates 46 insurers that write approximately 66% of Florida’s homeowners’ insurance premium. While Demotech reviews and rates 403 entities …

Lloyd’s Performance Management Director Hancock to Step Down in 2020

Lloyd’s announced that Jon Hancock has decided to step down as performance management director in 2020. At the same time, Lloyd’s also announced that Julia Tyson has been named chief human resources officer, while Jo Scott was appointed chief marketing …

Test for Self-Driving Shuttles to Run in Columbus, Ohio, Neighborhood

Self-driving shuttles will do a circuit through a residential neighborhood in Ohio’s capital city as part of a year-long pilot program starting in late January. Three, 12-passenger, disabled-accessible electric shuttles will travel the 2.8-mile (4.5 kilometer) route in the Linden …

South Dakota School District Settles Former Student’s Lawsuit for $65K

A school district in South Dakota has agreed to pay $65,000 to settle a sexual discrimination lawsuit brought by a former honor student who said her high school principal punished her for using a phrase her male peers used without …

Risk Strategies Acquires Academic HealthPlans in Texas

National insurance brokerage and risk management firm, Risk Strategies, has acquired Academic HealthPlans Inc. (AHP), a Grapevine, Texas-based provider of health insurance plans that colleges and universities make available to their students. Terms of the deal were not made public. …

Supreme Court Declines to Hear Bonds Dispute in Puerto Rico Bankruptcy

The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal bond market over payments on special revenue bonds that grew out of Puerto Rico’s ongoing bankruptcy. The justices left in …