An updated assessment of the impact of a massive explosion at a warehouse in Houston that killed two workers and injured 20 others shows that 450 structures, mostly homes, were damaged. The new total is more than double the initial …
The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Jan. 28 backtracked on a pledge he had made earlier in the day to fix the hundreds of structures …
Brian Downs has been tapped to serve as chief of staff for the Oklahoma Insurance Department (OID). Downs currently serves as the State Health Information Exchange director and special assistant to the Governor’s Front Porch Initiative. He previously served as …
All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to people familiar with the deal. Insurers covering Tesla’s directors and executives will …
In what the plaintiffs’ lawyers are calling the largest cash settlement ever resolving a privacy related lawsuit, Facebook has agreed to establish a fund of $550 million to pay Facebook users in Illinois claiming the social media giant’s facial recognition …
OxyContin maker Purdue Pharma LP and its controlling Sackler family have been negotiating with cities, counties and states on a proposed settlement worth an estimated $10 billion to resolve more than 2,600 lawsuits alleging they helped fuel the U.S. opioid …
U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies …
Topa Insurance Company, one of the wholly owned subsidiaries of Topa Insurance Group – a boutique insurance holding company based in Calabasas, Calif. – has promoted Kelly Yates to vice president of Claims and Tracy Tillinghast to assistant vice president …
State Auto Property and Casualty Insurance Co. is liable for the cost of replacing a computer server that was damaged and perhaps permanently compromised by a ransomware attack despite the carrier’s argument that the business owner did not suffer a …
Maryland Insurance Commissioner Al Redmer Jr. has named Jay Coon as deputy commissioner for the Maryland Insurance Administration. Coon is a veteran insurance executive with 30 years of industry experience. “Jay has an impressive background in business and management,” Redmer …
