Underwriting
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...
Credit Scoring: Insurers Assert New Data Validates Its Use to Predict Risky Driver Behaviors
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas. The same is true, they say, if you're ...
Boeing Directors Reach $237.5M Settlement Over 737 MAX Safety Oversight
Boeing Co current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board's safety oversight of the 737 MAX aircraft, ...
The Hartford, Yale School of Medicine to Develop Pilot to Better Treat Injured Workers
The Hartford and The Yale School of Medicine are developing a new pilot program designed to better treat injured workers and curb the ongoing U.S. opioid crisis. The insurer will be working ...
Boeing Investors Reportedly Settle Safety Lawsuit Over 737 MAX
Boeing Co investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on ...
Liberty Mutual Is Shifting 2,200 Exclusive Agents to Its New Digital Agency
Liberty Mutual Insurance, the nation's sixth-largest personal lines property/casualty insurer, is planning to transition its more than 2,200 exclusive insurance agents in 200 offices across the ...
AIG Europe Head Predicts Slower Rate Hikes in 2022
Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of ...
Ransomware Threatens ‘American Way of Life,’ U.S. Official Warns
A top U.S. cybersecurity official offered a dire warning to members of Congress on Wednesday, saying the "American way of life" faces serious risks amid the drumbeat of ransomware attacks and ...