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Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country. Aegon NV …

POSTED JUNE 25, 2019 6:45 AM
Oklahoma Judge Approves Revised $85M Opioid Settlement With Teva
An Oklahoma judge has approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd. resolving claims by the state’s attorney general that the drugmaker helped fuel the U.S. opioid epidemic. The decision by Cleveland County District Judge Thad Balkman …

POSTED JUNE 25, 2019 6:13 AM
Credit Rating of Federated Rural Electric Insurance Exchange in Kansas Upgraded
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Federated Rural Electric Insurance Exchange (Federated Rural) in Lenexa, Kansas. The outlook for the …

POSTED JUNE 25, 2019 6:08 AM
Chicago Cargo Company to Pay $135K to Settle EEOC Harassment, Retaliation Suit
Federal officials say a Chicago-based cargo handling company will pay $135,000 to settle a sexual harassment and retaliation lawsuit. Alliance Ground International, a cargo handling company that performs cargo, mail and ramp handling services for multiple clients at several major …

POSTED JUNE 25, 2019 6:04 AM
Federal Disaster Assistance Approved for 6 More Oklahoma Counties
Oklahoma Gov. Kevin Stitt says six more counties in the state have been approved for disaster assistance by the Federal Emergency Management Agency. Stitt announced on June 20 that individuals and business owners affected by severe storms since May 7 …

POSTED JUNE 25, 2019 5:43 AM
Mississippi Floodgate Opened Again to Drain Delta
A floodgate in Mississippi has reopened as the Mississippi River falls, allowing a months-long flood in parts of the Mississippi Delta to begin draining. The U.S. Army Corps of Engineers says it opened the Steele Bayou floodgate north of Vicksburg …

POSTED JUNE 25, 2019 5:28 AM
Ironshore Environmental Adds Contractors Pollution Liability Product to Online Portal
Ironshore Environmental has streamlined its Contractors Environmental Legal Liability (CELL) policy to be underwritten by broker partners through its online Quote & Bind Portal. The Ironshore CELL product responds to third party bodily injury, property damage and remediation of environmental …

POSTED JUNE 25, 2019 5:18 AM
Signal Mutual, Trident to Offer Workers’ Comp for Marine Industry in Texas & Louisiana
Signal Mutual, a nationwide provider of Longshore and Harbor Workers’ Compensation Act coverage, has partnered with Trident Marine Managers (TMM), a unit of Ryan Specialty Group to offer workers’ comp coverage to waterfront employers in Texas and Louisiana. Under the …

POSTED JUNE 25, 2019 5:04 AM
Tokio Marine Looking for Insurance Acquisitions in Asia, Other Markets
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest property-and-casualty insurer. “We have group companies in Southeast Asia …

POSTED JUNE 25, 2019 5:00 AM
JetBlue Lawsuit Claims Walmart Violates Its Trademark with Jetblack Service
JetBlue Airways Corp. has sued Walmart Inc. for trademark infringement, in an effort to stop the world’s largest retailer from using the name Jetblack for its text-based personal shopping service. In a complaint filed on Friday night, JetBlue said Jetblack …

POSTED JUNE 25, 2019 5:00 AM

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