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News
Berkley Q2 net income rises 12.7%
5+ day, 22+ hour 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
5+ day, 19+ hour 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
5+ day, 6+ hour 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
5+ day, 21+ hour 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
5+ day, 20+ hour 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
5+ day, 6+ hour 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…...
Private prison operator ordered to cover spinal cord stimulator, psych eval
5+ day, 19+ hour ago (229+ words) A Tennessee workers compensation judge ruled Tuesday that a private prison operator must authorize a psychological evaluation and, if the injured worker is an appropriate candidate, a spinal cord stimulator despite repeated utilization review denials. In Docket No. 2024-10-5229, reported as…...
Logistics company must cover worker’s lumbar fusion
5+ day, 19+ hour 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…...
Marsh invests in producers, AI as Q2 revenue rises
5+ day, 19+ hour ago (406+ words) Marsh expects strong new business production and investments in producer hiring and artificial intelligence to help offset accelerating declines in commercial property insurance pricing, top executives said Tuesday as the brokerage reported higher second-quarter revenue and profit. President and CEO…...
Chubb names Wixtead executive chairman of reinsurance unit
6+ day, 17+ hour 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…...