News
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 ...
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 percent increase over the same period the prior year. Boston-based Liberty Mutual's total combined ...
North Carolina Lawmakers Seek Another Injection of $533M in Helene Relief Funds
North Carolina state Senate Republicans advanced a disaster recovery measure Tuesday to direct $533 million in additional spending to meet still-pressing needs from Hurricane Helene's historic ...
With Unrevealed Previous Injury, Later Claim Cannot be Denied, Georgia Court Says
Defending workers compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The ...
J&J Spars With Foes of $9 Billion Talc Cancer Plan as Trial Ends
Johnson & Johnson told a judge its $9 billion proposal to settle baby powder cancer claims in bankruptcy court is the only viable way to end more than 15 years of litigation, while opponents ...
AmFam Reports Underwriting Profit for 2024
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 ...
Arthur J. Gallagher to Acquire Woodruff Sawyer for $1.2B
Insurance brokerage Arthur J. Gallagher & Co. has signed a definitive agreement to acquire Woodruff Sawyer for $1.2 billion. Andy Barrengos, chairman and CEO of San Francisco-based Woodruff ...
Wildfire, Hurricane Rebuilding Efforts Impeded By Tariffs: APCIA
American Property Casualty Insurance Association issued a statement on behalf of P/C insurance company members on Tuesday, the day that 25 percent tariffs on most goods from Canada and Mexico took ...