Mercury General Could Add Thousands of Tokio Marine California Customers Under Exit Plan

Mercury General insurance to replace Tokio Marine policies in CA

Mercury General Corp. said it will offer policies to what could be thousands of new California personal lines customers, under a plan crafted with exiting writer Tokio Marine America and subsidiary Trans Pacific Insurance Co.

Corporate Verdicts Go Thermonuclear: Large Jury Awards Rise Nearly 30%

Nuclear verdicts continue

From rapper Flo Rida’s $82 million breach of contract case against an energy drink company to a nearly $1 billion sports car liability award against Mitsubishi, juries across the country in 2023 found corporate defendants liable for over $14.5 billion in “nuclear verdicts.”

Liberty Mutual Q1 Net Income Leaps to $1.54B; U.S. Premiums Drop as Rates Climb

Liberty Mutual net income Q1

Liberty Mutual Holding Co. Inc. swung to a $1.54 billion net attributable income in the first quarter from a $74 million attributable net loss a year earlier on improved losses and the sale of GRM West operations, according to President and Chief Executive Officer Tim Sweeney.

Hamilton Insurance CEO: $37.9M Baltimore Bridge Loss Will Boost Positive Rate Trend

Bridge disaster will take years to sort out

Hamilton Insurance Group Ltd.’s chief executive officer said the Baltimore bridge collapse is likely one of the largest potential marine losses ever to hit the market, as the group’s first-quarter profit and premiums surged amid positive market conditions.