January 30, 2020
Trustmark Mutual Holding Co., a national employee benefits provider headquartered in Lake Forest, Illinois, has selected Britt Lindley as its new chief information security officer (CISO). Lindley has more than three decades of experience in Information Security and IT. For …
January 30, 2020
The insurance industry tries to predict losses. Can the industry predict winners? Which team will win Super Bowl LIV on Sunday? Kansas City or San Francisco? Insurance Journal’s Research and Trends site and InsuranceJournal’s IJPro membership program want to know. …
January 30, 2020
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Co. (Amerisure Mutual), Amerisure Insurance Co. and Amerisure Partners …
January 30, 2020
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 …
January 30, 2020
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 …
January 30, 2020
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 …
January 30, 2020
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 …
January 30, 2020
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 …
January 30, 2020
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 …
January 30, 2020
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 …