AM Best Changes Outlook for Oklahoma Farm Bureau Mutual to Negative

AM Best has changed the outlook for the Oklahoma Farm Bureau Group from stable to negative. This decision affects the Long-Term Issuer Credit Rating (ICR) for the group, which includes Oklahoma Farm Bureau Mutual Insurance Company and its subsidiary, AgSecurity Insurance Company. Both companies are based in Oklahoma City, Oklahoma. While their Financial Strength Rating … Read more

Victoria’s Secret Website Offline as Lingerie Retailer Responds to ‘Security Incident’

Victoria’s Secret has temporarily shut down its U.S. website and some in-store services due to an unspecified security incident. This decision was made as a precautionary measure to protect customer information. On Thursday, visitors to the website were greeted with a message explaining the situation. The company stated that it is working hard to restore … Read more

Personnel Updates: NI Holdings, Inc. Announces New Executive Leadership Appointments

NI Holdings, Inc., based in Fargo, North Dakota, has announced several important changes in its leadership team. These promotions and a new hire reflect the company’s commitment to strengthening its operations in the property and casualty insurance sector. Kevin Elfstrand has been promoted to senior vice president and chief accounting officer. With over 20 years … Read more

Personnel Updates: Miller Returns to Lockton to Oversee Stop Loss and Pharmacy Practices; Zurich Veteran Andrejko Takes Charge of Construction Professional Liability.

Jeff Miller is back at Lockton, taking on the role of national practice leader for the stop loss and pharmacy practices. Lockton is based in Kansas City, Missouri, and Miller brings over 30 years of experience in the industry to his new position. Before rejoining Lockton, Miller was president of Point6 Healthcare and served as … Read more

Thousands Left Without Electricity in Houston Following Intense Thunderstorms

Severe thunderstorms swept through the Houston area early Tuesday morning, leaving thousands without power. The storms brought strong winds reaching up to 70 miles per hour, along with hail and lightning, causing significant damage across the region. More than 160,000 people lost electricity as power lines were knocked down. The National Weather Service has warned … Read more

Mechanic Sentenced to Prison and Ordered to Pay $1.3 Million for Defrauding Customer in Missouri

An auto mechanic from Arizona has been sentenced to 33 months in prison for defrauding customers, including a victim from Missouri. Andres “Manny” Lopez, 37, was also ordered to repay $1.37 million to those he deceived. The U.S. Attorney’s Office for the Eastern District of Missouri announced the sentence last week. Lopez operated a business … Read more