INSURANCE NEWS
Rebranding, Renaming, Reorganizing: The Hartford, CRC Group, Bridge Specialty
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 …
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years
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 …
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
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 …
People Moves: Arbella Insurance Group Appoints Brady as Next CEO as Donohue Retires
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 …
Los Angeles County Sues Utility Edison Over Deadly Wildfire
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 …
Aon’s NFP Acquires Lyons Insurance in Delaware
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 Revises Outlook to Stable for Ohio’s Westfield
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 …
APCIA: Tariffs to Hurt Families and Business Owners, Affect Affordability
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 …
Supreme Court Hears Texas Nuclear Waste Storage Dispute
The U.S. Supreme Court was hearing arguments on Wednesday on whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities amid objections brought by the states of Texas and New Mexico as well as the oil …
Markets/Coverages: Ryan Launches Specialty National Programs Group
Global specialty insurance firm Ryan Specialty is launching a new practice group focusing on specialty, class specific package business on both an admitted and non-admitted basis. The new group will be within its underwriting managers specialty, Ryan Specialty Underwriting Managers …
Trump’s Return Prompts Companies to Stifle Climate Talk With ‘Greenhushing’
As the chief executive officer of Caelux, Scott Graybeal runs a technology startup in Baldwin Park, California, that makes high-efficiency glass for solar panels. For years, climate change had been a crucial part of Graybeal’s business conversations — until Donald …
Florida E&S Market Leveling Off After Years of Growth, FSLSO Data Show
The steady growth in excess and surplus lines’ business in Florida appears to be leveling off, another sign that the insurance market in the state is settling down after years of turbulence. “January’s figures signaled a shift, and February 2025 …