News
Liberty Mutual adjusts leadership structure
1+ hour, 5+ min ago (203+ words) Liberty Mutual Insurance announced Thursday it has appointed Vlad Barbalat, president of Global Risk & Capital Solutions, as part of a leadership realignment across its Global Risk Solutions and Liberty Mutual Investments businesses. Mr. Barbalat will oversee strategy across Global Risk…...
US Treasury to meet with insurance regulators on private credit concerns
2+ hour, 38+ min ago (300+ words) (Reuters) " The U.S. Treasury Department said on Wednesday it will meet with domestic and international insurance regulators to discuss recent developments in private credit markets, as concerns about the health of the $2 trillion non-bank lending sector impact the wider credit market....
Aon, Howden settle broker poaching suit
2+ hour, 58+ min ago (198+ words) Aon and Howden announced Thursday that they have reached a settlement in a lawsuit Aon filed, claiming that former Aon managing director Anthony Rampersaud and other staff violated their employment agreements when they joined Howden last year. In a joint…...
Kellen Booher
20+ hour, 54+ min ago (38+ words) Kellen Booher'businessinsurance.com CopperPoint Insurance named Kellen Booher president and CEO, succeeding Marc Schmittlein, who is retiring but will remain as chair of the board. Previously, Mr. Booher was president and chief operating officer. More Comings & Goings...
Comp program must follow group-retro rules: Ohio high court
21+ hour, 45+ min ago (267+ words) The'Ohio Supreme Court'on Wednesday ruled that the state Bureau of Workers" Compensation must administer its group retrospective rating program for the 2018 policy year, despite having issued full premium refunds to employers during the COVID-19 pandemic. In'State ex rel. Kent Elastomer…...
E&S growth slows as property softens
21+ hour, 27+ min ago (211+ words) Growth in the U.S. excess and surplus market slowed to single digits in 2025 as commercial property business weakened, even as total premiums surpassed $100 billion for the first time, according to a report released Wednesday by S&P Global Market Intelligence. Direct…...
Video: The BI Interview with Lilit Asadourian at Barnes & Thornburg
1+ day, 58+ min ago (23+ words) Video: The BI Interview with Lilit Asadourian at Barnes & Thornburg'businessinsurance.com Video: The BI Interview with Lilit Asadourian at Barnes & Thornburg...
CopperPoint names Kellen Booher CEO
23+ hour, 49+ min ago (121+ words) CopperPoint names Kellen Booher CEO'businessinsurance.com CopperPoint names Kellen Booher CEO CopperPoint Insurance on Wednesday named Kellen Booher president and CEO, succeeding Marc Schmittlein, who is retiring from the role after leading the company's transformation over the past decade. Mr....
Best downgrades rating of Wisconsin municipal insurer
1+ day, 20+ min ago (185+ words) A.M. Best said Wednesday it downgraded the financial strength rating of Cities and Villages Mutual Insurance, a municipal insurer based in Wauwatosa, Wisconsin, to B++ from A-. The ratings agency also downgraded the insurer's long-term issuer credit rating to bbb+ from a-. The…...
Bill would redefine MMI, cut duration of wage-loss benefits
23+ hour, 27+ min ago (214+ words) Lawmakers in Louisiana are considering legislation that would revise key aspects of the state's workers compensation system, including how maximum medical improvement is defined and how long certain wage-loss benefits are paid. H.B. 1101, introduced Tuesday, would for the first time define…...