Underwriting
Buffett’s Berkshire Hathaway Further Pulls Back from Munich Re Investment
Warren Buffett's Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 ...
Climate-Change Deal Includes Insurance Provision, Avoids Liability and Compensation
The world's nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for ...
Lloyd’s Welcomes First Mexican Reinsurer
Lloyd's of London will be welcoming its first Mexican reinsurer. News of Lloyd's expansion follows the opening of its debut representative office in Mexico City in October 2015. The move will come by ...
El Nino Aside, a Snowy, Arctic Blast is Still Possible
The eastern U.S. has been pretty warm the past few days and is forecast to get even warmer. That's the kind of thing one would expect with one of the strongest El Ninos in the past 65 years under way ...
Workers Compensation Reform May Already be Improving CA Claims Costs
Workers compensation reform legislation in California may already be making a dent in claims costs. Medical payments in the state – the largest for workers compensation insurance – dipped 5 ...
Fiat Chrysler Ordered to Pay $70M Over Auto Safety Reporting Lapses
The U.S. Department of Transportation said Thursday it is fining Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American ...
Industry On Track for Third Straight Underwriting Profit; 2016 a Closer Call
The property/casualty insurance industry will report an underwriting profit for the third consecutive year in 2015—a streak unmatched since the early 1970s, according to analysts at Fitch Ratings, ...
Berkshire Unit Preps to Selling Workers Comp, BOP Policies on the Web
Berkshire Hathaway Inc. won the top financial-strength rating from A.M. Best Co. for a unit that plans to sell insurance directly to businesses over the Internet, paving the way for Chairman Warren ...