News
Notable Rating Actions This Week: Westfield and Church Mutual
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 ...
Burnout From Financial Stress May Lower Job Satisfaction
Stress from work can often leave people feeling tired and overwhelmed. Anxiety in other parts of life could make this even worse, according to a new study from the ...
Los Angeles County, Pasadena, Sue Southern California Edison Over Wildfires
The County of Los Angeles and City of Pasadena, along with other public entities, filed lawsuits against Edison International and its subsidiary Southern California Edison on Wednesday, alleging ...
Rail Thieves Steal $100M in Cargo in 2024
Highly organized crime rings are targeting railroads to steal millions of dollars in cargo, according to a recent update by the Association of American Railroads. Coordinated federal action is key to ...
Nearly All Americans Worry About Data Breaches: Poll
A new survey reveals 95 percent of Americans worry about their personal data being exposed in a corporate data breach, according to HostingAdvice. More than 61 percent of respondents have received at ...
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 ...