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Lindley Named VP, Chief Information Security Officer at Trustmark in Illinois

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 …

P/C Insurance Pros: Predict Super Bowl Winner Now!

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. …

Outlooks Revised to Negative for Michigan’s Amerisure Mutual Insurance, Affiliates

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 …

450 Structures Damaged by Houston Warehouse Blast, Assessment Finds

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 …

CEO Retreats on Pledge to Fix All Homes Damaged in Houston Blast

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 …

Downs Named Chief of Staff at Oklahoma Insurance Department

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 …

Musk Holds Out As Other Tesla Directors Settle Investors’ SolarCity Claims for $60M

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 …

Facebook to Pay $550M to Settle Biometric Privacy Violation Claims

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 …

Where Purdue Pharma-Sackler Legal Maters Stand Now

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 …

With Premiums Up Due to Accidents, Chemical, Refinery Plants Cut Back on Insurance

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 …

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