Patricia Wells

Church Mutual Insurance Company has received an affirmation of its strong financial ratings from AM Best, a leading credit rating agency. The company holds a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” (Excellent). However, the outlook for these ratings is currently negative. These ratings apply not only to Church … Read more

Arbella Insurance Group has announced a significant leadership change as Paul Brady steps into the role of CEO, effective June 1. Brady, who has been with the company for nearly 15 years, previously served as the Executive Vice President and Head of Claims. His extensive experience includes various leadership roles, such as Chief Information Officer … Read more

American Family Insurance has turned a corner in 2024, reporting an underwriting profit for the first time in three years. The company achieved a combined ratio of 96.6 across all its property and casualty lines, a significant improvement from the previous year’s 110.8 and 111.4 in 2022. This positive shift occurred despite facing high catastrophe … Read more

A federal court has ruled that a group of lobster fishermen can proceed with a defamation lawsuit against the Monterey Bay Aquarium, one of the largest seafood watchdog organizations in the world. The dispute stems from a report that labeled Maine lobster as an unwise choice for consumers, raising concerns about the impact of lobster … Read more

Florida lawmakers are stepping up to tackle concerns about the property insurance market. This week, legislative leaders announced plans to investigate the financial practices of property insurers, particularly their dealings with managing general agents (MGAs) and affiliated companies. This decision comes after reports suggested that insurers may have shifted billions to these affiliates while claiming … Read more

The Hartford is refreshing its iconic stag logo, aiming for a look that blends boldness with a contemporary feel. The company says the updated design honors its long history while showcasing a modern outlook. The stag, which represents strength, confidence, and resilience, will remain central to the brand. However, the new logo will feature different … Read more

Scott Graybeal, the CEO of Caelux, a tech startup in Baldwin Park, California, is changing how he talks about his company’s work. Caelux makes high-efficiency glass for solar panels, but since Donald Trump was re-elected last November, Graybeal has shifted the focus of his discussions. Instead of emphasizing the company’s role in fighting climate change, … Read more

Ryan Specialty, a global leader in specialty insurance, is launching a new practice group called Ryan Specialty National Programs. This group will focus on specialty, class-specific package business, operating on both admitted and non-admitted bases. It will be part of Ryan Specialty Underwriting Managers (RSUM). The new program aims to bring together various business units … Read more

AM Best has made a positive change to Westfield Insurance Company’s ratings. The firm has revised the outlook for the Long-Term Issuer Credit Ratings from negative to stable. At the same time, they affirmed the Financial Strength Rating of A (Excellent) for Westfield and its affiliates, which are part of the Westfield Group based in … Read more

The U.S. Supreme Court is currently hearing a significant case regarding the authority of the Nuclear Regulatory Commission (NRC) to license nuclear waste storage facilities. This case arises from challenges made by Texas and New Mexico, along with concerns from the oil industry. The issue began when the NRC issued a license in 2021 to … Read more