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Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments
Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing officer. According to the suit, filed in U.S. District Court for the …
POSTED FEBRUARY 06, 2023 5:42 PM |
People Moves: Mulready Makes Key Staff Changes at OID
Mulready Announces Key Staff Changes for PBM Compliance Program Oklahoma Insurance Commissioner Glen Mulready has made two new appointments to the Oklahoma Insurance Department (OID). Ashley Scott is the new director of the OID Pharmacy Benefit Manager (PBM) Compliance and …
POSTED FEBRUARY 06, 2023 5:37 PM |
Highstreet Partners Adds 2 Pennsylvania Agencies
Michigan-based independent insurance agency Highstreet Insurance Partners reports it has acquired two Pennsylvania insurance agencies: Lock Haven-based Davis Insurance Agency and Bensalem-based Michael Pigott Agency. Both firms will join Highstreet’s Northeast Region and will report to James Hutchinson, chief marketing …
POSTED FEBRUARY 06, 2023 5:04 PM |
Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1 combined ratio in auto – 112.6 for the …
POSTED FEBRUARY 06, 2023 4:31 PM |
Massachusetts’ MKS Instruments Investigates Ransomware Attack
MKS Instruments Inc. said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker’s production-related systems. The company said it was in the early stages of investigating the attack that it identified …
POSTED FEBRUARY 06, 2023 4:27 PM |
U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies‘ bankruptcy, accusing the company of using bankruptcy to shield itself from litigation, which has grown into …
POSTED FEBRUARY 06, 2023 4:26 PM |
Chicago Suburb Settles $12M Lawsuit Over Boy’s Shooting
CHICAGO (AP) – The family of a suburban Chicago boy who was 12 when an officer shot him in the knee during a 2019 police raid will receive $12 million under a settlement of the family’s lawsuit. The settlement, which …
POSTED FEBRUARY 06, 2023 4:11 PM |
Some Austin, Tx. Homes May Be Without Electricity For Another Week
Nearly 95% of Austin now has electricity after last week’s winter storm, but the city’s utility says some of the fewer than 30,000 homes and businesses still without power Sunday night might have to wait another week for it to …
POSTED FEBRUARY 06, 2023 4:01 PM |
Ohio 50-Car Train Derailment Causes Fire, Evacuations
EAST PALESTINE, Ohio (AP) – A freight train derailment in Ohio near the Pennsylvania state line left a mangled and charred mass of boxcars and flames Saturday as authorities launched a federal investigation and monitored air quality from the various …
POSTED FEBRUARY 06, 2023 3:58 PM |
Louisiana Lawmakers Approve $45M in Funding to Draw Insurers to State
BATON ROUGE, La. (AP) – A $45 million funding bill to address soaring homeowner insurance rates in hurricane-battered Louisiana was overwhelmingly approved by Louisiana lawmakers Friday and sent to Gov. John Bel Edwards for his signature. The Senate approved the …
POSTED FEBRUARY 06, 2023 3:45 PM |
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