Commercial Lines

Despite reporting catastrophe losses that doubled over last year, Progressive says its May net income increased 68 percent over the same period last year.

Despite reporting catastrophe losses that doubled over last year, Progressive says its May net income increased 68 percent over the same period last year.

Outgoing Liberty Mutual Group chief executive Edmund “Ted” Kelly says his continued role as chairman will not include stepping on David H. Long’s toes.

With threats to agents' personal and customer information, cyberspace is the next employers' practices liability exposure

With threats to agents' personal and customer information, cyberspace is the next employers' practices liability exposure

Agents who spot trouble signs in a customer’s loss experience must move quickly to figure out what’s gone wrong to avoid a premium increase and possible client defection.

Edmund “Ted” Kelly, chief executive officer of Liberty Mutual Group since 1998, is retiring on June 28. David H. Long will take over as the new CEO, announces the company.

Richmond, Va.-based insurance broker The Hilb Group, LLC, received a financial boost to its acquisition strategy with the announcement that BHMS Investments, LP, completed a controlling equity investment in the brokerage firm.