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 …

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 …

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 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 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 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. …

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 …

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 …

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 …

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 …

A group of lobster fishermen can sue one of the world’s largest seafood watchdog groups for defamation, a federal court has ruled, over a report that described Maine lobster as an unwise choice for consumers. The threat to a rare …

Hub International has acquired the assets of Malloy Imrie & Vasconi Insurance Services LLC in California’s Napa Valley. Partners Timothy Malloy, David Capponi, Ted Bystrowski, Kevin Dickenson, as well as the MIV Insurance team will, will join Hub Central & …

The Justice Department opened an investigation into the University of California to determine if the UC system has allowed an Antisemitic hostile work environment to exist on its campuses. The investigation, being conducted under Title VII of the Civil Rights …

Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton …

Property/casualty middle-market insurance broker NFP, an Aon company, recently announced its acquisition of Lyons Insurance Agency, Inc., a multiline insurance broker located in Wilmington, Delaware. David Lyons and Tim Lyons, vice presidents of Lyons, will join NFP as senior vice …

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of Westfield Insurance Company and …

The president and CEO of the American Property Casualty Insurance Association issued a statement calling the tariffs on Mexico, Canada, and China a disruption as many homeowners attempt to rebuild after recent natural catastrophes. “Tariffs can be effective tools of …

The Ohio Bureau of Workers’ Compensation board of directors announced a 6% rate cut for private employees effective July 1, 2025. The reduction follows a 7% rate cut for private employers last year. Ohio’s private employers will pay nearly $60 …

Iowa Attorney General Brenna Bird last week announced lawsuits against Bitcoin Depot and CoinFlip, Iowa’s two largest cryptocurrency ATM operators, over their failures that allowed Iowans to transfer millions of dollars to scammers through their kiosks. In October 2023, the …

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …