AM Best has downgraded the Financial Strength Rating to C+ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b-” from “bb-” of Echelon Property & Casualty Insurance Co. (Echelon), based in Chicago. The ratings outlook is negative. …
Oklahoma has asked the state Supreme Court to order Johnson & Johnson to pay more than $9.3 billion to cover the entire anticipated cost of combatting the state’s opioid crisis, arguing in its appeal that a lower court’s award wasn’t …
A St. Louis, Mo.-based construction company that revoked an applicant’s job offer after learning she was pregnant will settle a federal discrimination lawsuit for $38,000. The U.S. Equal Employment Opportunity Commission (EEOC) says The Harlan Company also will furnish other …
Houston-based NOW Insurance, an AI-enabled insurance platform aimed at matching small business owners and professionals with commercial insurance coverage plans, has secured another $1.25 million in seed funding led by The MFO Group, bringing its total funding amount to $2.5 …
Illinois Department of Insurance Director Robert Muriel is leaving his post on Dec. 11, 2020, the department reported. IDOI’s Chief Deputy Director of Product Lines Shannon Whalen will fill in as interim acting director. Muriel was appointed to the position …
The cause of a fire that destroyed a marina building with hundreds of boats might never be known because of the extensive damage, an official said. The building’s roof and sides collapsed Dec. 4 at Toledo Beach Marina in Monroe …
Seven contractors were injured, four critically, when a storage tank at a petroleum facility in Texas exploded after catching fire on Dec. 5, according to fire officials. The fire began about 10 a.m. near a crude oil storage tank in …
A fire on Dec. 4 destroyed an enormous building loaded with hundreds of boats stored for the winter in southeastern Michigan, sending smoke for miles along Lake Erie. Neighbors and boat owners rushed to get as close as possible to …
A federal judge has dismissed neglect and misconduct charges against three employees of a tourist boat that sank on a Missouri lake in 2018, killing 17 people. U.S. District Judge Doug Harpool filed an order on Dec. 2 upholding a …
More than two dozen migrant workers from Texas allege they were sprayed with toxic pesticides while working in Illinois cornfields, according to a federal lawsuit. The workers, including teenagers, senior citizens and a pregnant woman, claim they were sprayed by …