Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month by industry and region. The top five provides a snapshot of the stories in the ORX News database.
ORX News is the industry’s leading source of publicly-reported operational and non-financial risk loss events. Subscribers get full access to the summaries of the losses mentioned below. Each summary provides an overview of the loss and is categorised by over 50 dimensions including:
- Sector, country and region
- Business line and event type level 1 and 2
- ORX Reference Taxonomy standard level 1 and 2
Read on to discover the top operational risk loss events that have had the most impact based on loss amount, followed by the largest loss for insurance, and finally the top losses in the North America and Europe, Middle East and Asia regions.
Five largest operational risk losses in December 2025
1. Fidelity National – $210 million
Fidelity National pays USD 210 million to settle investor claims it misled on acquisition success (ORX News subscribers log in to read the full summary)
2. Liberty Mutual – $103 million
Liberty Mutual ordered to pay USD 103 million to former employee for age discrimination (ORX News subscribers log in to read the full summary)
3. Netwealth – $66.5 million
Netwealth to pay AUD 100.6 million to customers for pension fund losses from collapsed investment (ORX News subscribers log in to read the full summary)
4. Nationwide – $59 million
Nationwide fined GBP 44.1 million by FCA over AML control weaknesses (ORX News subscribers log in to read the full summary)
5. PHH Mortgage – $41.1 million
PHH pays USD 41.1 million to settle class claims it received kickbacks from mortgage premiums (ORX News subscribers log in to read the full summary)
Largest insurance loss
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Liberty Mutual – $103 million
Liberty Mutual ordered to pay USD 103 million to former employee for age discrimination (ORX News subscribers log in to read the full summary)
Largest losses by region
Subscribers of ORX News can log into the ORX News platform to view all top five losses by region.
North America
Fidelity National – $210 million
Fidelity National pays USD 210 million to settle investor claims it misled on acquisition success (ORX News subscribers log in to read the full summary)
Global
Netwealth – $66.5 million
Netwealth to pay AUD 100.6 million to customers for pension fund losses from collapsed investment (ORX News subscribers log in to read the full summary)
About ORX News
Created specifically for the financial sector, ORX News can help you:
- Identify loss trends you need to be aware of
- Increase awareness of operational risk across your organisation
- Get data and information to support scenario modelling
- Enhance your internal loss data
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