Commercial Lines

Liberty Mutual Holding Company Inc. says 2013 second-quarter net income was $448 million, up by $309 million compared to the same period a year ago, as written premiums grew and underwriting results improved.

The Washington state Supreme Court has reaffirmed that insurance companies can be held responsible for the acts of their agents.

The training and practice of martial arts has become increasingly widespread across the U.S. in recent years, with Mixed Martial Arts schools gaining momentum for adults and children alike. NU-PC360 visits Gangulys Mixed Martial Arts in Ocean Township, NJ to see first-hand the exposures related to this unique risk.

Liberty Mutual Group subsidiaries have filed a suit challenging New Yorks decision to close a state workers compensation fund dealing with settled claims that are later reopened.

Commercial lines rate increases moderated in July and the market has become quiet due to the time of year and lack of catastrophic events, according to MarketScouts chief executive.

A new hurricane model predicts that the U.S. will experience two hurricane landfallsone on the East Coast and one along the Gulf Coastin 2013. Meanwhile, CSU forecasters have reduced the number of hurricanes expected to form this year.