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Shopping News / Articles
Berkley Q2 net income rises 12.7%
1+ mon, 1+ week ago (127+ words) W.R. Berkley’s net income increased 12.7% to $452.3 million in the second quarter, as higher investment income, lower catastrophe losses and improved underwriting results offset modest premium growth. Net premiums written rose 2.4% to $3.43 billion, the Greenwich, Connecticut-based insurer said Monday. Current accident-year catastrophe…...
Broker M&A drops to lowest first-half level since 2016
1+ mon, 1+ week ago (543+ words) The pace of mergers and acquisitions among North America’s insurance agents and brokers continued to slow in the first half of 2026, declining to levels not seen since 2016. First-half 2026 deals were 15% lower than in the same period in the prior year…...
City dodges a $2.2M premium oops
1+ mon, 1+ week ago (145+ words) The state capital of New York nearly paid a health insurance bill that came with an extra $2.2 million. Apparently, for the deluxe math-error package. Albany’s Office of Audit and Control stopped a $2.9 million payment to insurer CDPHP after determining that…...
Michael Mahoney
1+ mon, 1+ week ago (44+ words) BusinessInsurance.com Aon named Michael Mahoney Northeast region leader and U.S. co-head, effective August 1, succeeding Christine Williams, who is joining American International Group. Previously, Mr. Mahoney was the brokerage’s U.S. chief commercial officer. More Comings & Goings...
Tom Spurgeon
1+ mon, 1+ week ago (48+ words) BusinessInsurance.com Liberty Mutual Reinsurance Group, part of Liberty Mutual Insurance Group, named London-based Tom Spurgeon global head of cyber reinsurance. He succeeds Ivonne Staisch, who has left the business to pursue new opportunities. Previously, Mr. Spurgeon was an underwriting…...
Judge approves Anthropic’s $1.5 billion settlement of copyright lawsuit
1+ mon, 1+ week ago (415+ words) (Reuters) – A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its…...
Logistics company must cover worker’s lumbar fusion
1+ mon, 1+ week ago (255+ words) The Tennessee Workers’ Compensation Appeals Board ruled Tuesday that logistics and warehouse services provider must provide lumbar fusion surgery to an employee whose workplace accident aggravated a preexisting back condition, but upheld the denial of additional temporary disability benefits. In…...
Chubb names Wixtead executive chairman of reinsurance unit
1+ mon, 1+ week ago (182+ words) Chubb on Monday said James Wixtead, senior vice president of Chubb Group and president of Chubb Tempest Re Group, has been named executive chairman of the unit. Mr. Wixtead will be succeeded by Michael O’Donnell, currently division president of Chubb…...
World Insurance hires former Acrisure executive
1+ mon, 1+ week ago (104+ words) businessinsurance.com World Insurance Associates has hired former Acrisure executive Rob Erfurt as its New Jersey market leader and national industry leader. World Insurance serves small and medium-sized businesses across the U.S. and United Kingdom. Mr. Erfurt will lead growth in…...
Kentucky appeals court tosses $164M tow truck crash verdict
1+ mon, 1+ week ago (394+ words) businessinsurance.com Kentucky appeals court tosses $164M tow truck crash verdict A Kentucky appeals court threw out a nearly $164 million verdict against GEICO, ruling that the insurer cannot be held vicariously liable for the negligence of a tow truck driver subcontracted…...
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