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Safety Insurance Drove Up Net Income by 40% in 2025
Safety Insurance Group, Inc. reported that net income for the full year 2025 was $99.3 million compared to net income of $70.7 million for the 2024, a 40% increase. Net income for the quarter ended December 31, 2025 was $20.1 …
POSTED FEBRUARY 26, 2026 12:58 PM |
Arthur J. Gallagher & Co. Acquires German Broker Krose GmbH & Co.
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Bremen, Germany-based Krose GmbH & Co KG (Krose). Terms of the transaction were not disclosed. Founded in 1920, Krose provides commercial insurance and reinsurance solutions …
POSTED FEBRUARY 26, 2026 12:12 PM |
T. Rowe Among Signatories to Resurrected Net Zero Alliance
A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections. The Net Zero Asset Managers initiative now has more than 250 signatories, including Aberdeen Investments and Amundi SA, …
POSTED FEBRUARY 26, 2026 9:08 AM |
Majority of Companies Worldwide See AI Benefits; Coverage Vague
A recent survey of more than 1,200 global businesses found that as artificial intelligence adoption accelerates, 82% of respondents report positive impacts on their organizations. Global insurance brokerage Gallagher recently released its third annual AI Adoption and Risk Survey, which …
POSTED FEBRUARY 26, 2026 6:13 AM |
L’Oreal, Dyson, Bausch + Lomb Become Latest to Sue for Trump Tariff Refunds
French beauty group L’Oreal, British vacuum manufacturer Dyson and contact lens maker Bausch + Lomb became the latest corporations to sue for refunds of tariffs paid under President Donald Trump’s emergency trade measures, days after the U.S. Supreme Court ruled …
POSTED FEBRUARY 26, 2026 6:03 AM |
Florida Cabinet Approves Land Transfer for New Rays Stadium in Tampa
The Florida Cabinet and Gov. Ron DeSantis agreed Tuesday to give Hillsborough College a 22-acre (49-hectare) plot of state land in Tampa to use for a proposed ballpark for the Rays. Last month, the Rays ownership entered a memorandum of …
POSTED FEBRUARY 26, 2026 6:02 AM |
People Moves: AEU Names Lake VP and Loss Control Director
The American Equity Underwriters, one of the largest providers of workers’ compensation insurance for waterfront employees, has named Jason Lake senior vice president and director of loss control. Lake will succeed Jimmy Burgin, who plans to retire in July after …
POSTED FEBRUARY 26, 2026 6:01 AM |
San Diego Approves $6M Settlement With Insurers for Flood Damage
The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods. The city council granted final approval Tuesday to the settlement, part of a longer …
POSTED FEBRUARY 26, 2026 6:00 AM |
Cleaning Up Potomac River Sewer Spill Could Take Months
After a massive sewage spill in the Potomac River outside Washington, DC attracted the ire of President Donald Trump, federal officials are taking on a larger role in the disaster response — a job that could last months. The spill …
POSTED FEBRUARY 26, 2026 6:00 AM |
Judge Dismisses Ex-Commissioner’s Lawsuit Alleging ‘Systemic Corruption’ in NYPD
A federal judge has dismissed a lawsuit filed by New York City’s former interim police commissioner that accused the previous mayor, Eric Adams, and his top deputies of operating the New York Police Department (NYPD) as a “criminal enterprise.” The …
POSTED FEBRUARY 26, 2026 6:00 AM |
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