Arkansas’ The River Company and Rogers Insurance Merge to Form ANKR
Two Arkansas independent agencies — The River Company and Rogers Insurance — announced their merger today, creating ANKR, one of the largest and most comprehensive insurance and payroll firms in the state. The new entity, which employs 80 professionals across …
Truck Trailer Manufacturer Earns TDI Lone Star Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has recognized Kalyn Siebert with the Lone Star Safety Award for its exemplary commitment to workplace safety. Kalyn Siebert is a leading manufacturer of custom-engineered heavy-haul truck trailers, and employs …
Trump Administration Plans to Drop Lawsuit Against Louisiana Petrochemical Plant
President Donald Trump’s administration plans to drop a federal lawsuit against a synthetic rubber manufacturer accused of worsening cancer risks for residents in a majority-Black community near its Louisiana plant, two sources familiar with the matter said Tuesday. The move …
US Indicts Slew of Alleged Chinese Hackers, Sanctions Company Over Spy Campaign
The U.S. on Wednesday announced indictments against a slew of alleged Chinese hackers, sanctioned a Chinese tech company and offered a $10 million bounty over what Washington called a years-long spy campaign that stole information from victims across America and …
Birth Injury Compensation Fund Executive Gets 9 Years for Embezzling $6.7 Million
A Providence Forge, Virginia man has been sentenced to nine years in prison for embezzling funds from his former employer, the Virginia Birth-Related Neurological Injury Compensation Program. According to court documents, John Hunter Raines was the chief financial officer and …
US Anger Grows Over Global Reach of EU’s ‘Hostile’ ESG Rules
As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties. The American Chamber of Commerce to the European Union (AmCham EU) says proposed revisions to the bloc’s environmental, social and governance …
People Moves: Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability; Miller Launches M&A and Strategic Solutions Team With 3 Senior Hires
This edition of International People Moves details appointments at Tokio Marine HCC International and the broker Miller. A summary of these new hires follows here. Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability Tokio Marine …
Engineers Assessing Risk After Condo in Charleston, SC, Ordered Evacuated
Multiple condominium buildings in Florida have been evacuated since the deadly 2021 collapse in Surfside. Now, residents of a Charleston, South Carolina, structure have been forced out, with city officials citing conditions similar to the Champlain Towers South condo in …
Markets/Coverages: RenaissanceRe Launches Property Catastrophe Bond Fund
RenaissanceRe Holdings Ltd. announced the launch of an Irish-domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund (Medici UCITS). A sub-fund of RenaissanceRe Medici ICAV, Medici UCITS is purpose-built to provide European and other global investors with access to RenaissanceRe’s …
Georgia Lawmakers Push to Ban Automated Speeding-Ticket Cameras
(AP) — Outside Beacon Hill Middle School in the Atlanta suburb of Decatur, like along hundreds of roadsides across Georgia, the unblinking eye of a camera tickets drivers who speed through a school zone. Supporters say cameras slow down drivers …
Liberty Mutual Q4 Income Up Nearly 90%, Year Earnings Climb
Liberty Mutual Holding Co. reported fourth quarter 2024 net income of $1.2 billion – a nearly 90% increase over the same period the prior year. Boston-based Liberty Mutual’s total combined ratio of 91.5 for the fourth quarter was the lowest …
Aon’s NFP Acquires UK-Based Business Management Consultancy, Clay GBP Ltd.
NFP, the Aon company and insurance brokerage and consulting firm, has acquired Clay GBP Ltd., a London-based business management firm. Financial details of the transaction were not disclosed. NFP plans to integrate Clay GBP into its subsidiary Ground Control Business …
EU Court Fines Five Countries for Lacking Whistleblower Protection
The EU Court of Justice on Thursday fined five countries for failing to adopt rules to boost protection for whistleblowers who expose fraud, tax evasion, data breaches and other misdeeds. The court handed a fine of 34 million euros ($36.7 …
Australia’s Prudential Watchdog Targets Longest-Serving Board Directors
Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several in a discussion paper released Thursday aimed at bolstering governance …
Tokio Marine HCC President Schell to Retire After 50 Years in Insurance
Tokio Marine HCC announced a leadership change with the retirement of Mike Schell, president, at the end of this month. Barry Cook, CEO of Tokio Marine HCC International, will additionally assume a newly created position of deputy CEO, effective April …
Proxy Adviser Glass Lewis Sticks With Diversity Guidance, Will Flag Risks
Proxy adviser Glass Lewis will continue to consider boardroom diversity when advising how to vote at U.S. company annual meetings, but plans to be clearer about the counter argument for critical vote recommendations to help clients avoid rising political risks. …
Rebranding, Renaming, Reorganizing: The Hartford, CRC Group, Bridge Specialty
The Hartford Stag Gets a New Look The iconic stag logo of The Hartford is getting a new look—one that the company describes as bold and contemporary—honoring “the company’s rich history while demonstrating its modern, visionary spirit.” According to The …
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years
After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement from a 110.8 in 2023 and 111.4 in 2022 came …
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …
People Moves: Arbella Insurance Appoints Brady as Next CEO as Donohue Retires
Arbella Insurance Group, headquartered in Quincy, Massachusetts, named Executive Vice President and Head of Claim Paul Brady as CEO, effective June 1. Brady has been with Arbella for nearly 15 years, holding numerous leadership positions, including chief information officer and …