Leadership & Strategy
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
Insurance Tech Firm Ebix Faces Activist Investor Seeking Changes
Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington ...
Cyber Attacks Hit Catalan Govt. Computers During Independence Vote
Catalan government computer systems were attacked by professional-style hackers during the disputed independence vote on Nov. 9, putting basic services at risk, Regional President Artur Mas said. The ...
The Hanover Picks Lavey As Its New Head of Personal Lines
The Hanover Insurance Group has a new president in charge of personal lines coverage. He's a veteran executive of the Massachusetts-based U.S. property/casualty insurer who initially came on board a ...
AIG Chairman: Corporate Behavior Can Be “Stupid,” Not Criminal
American International Group Inc. Chairman Steve Miller said prosecutors must distinguish between management blunders and criminal actions when investigating corporate behavior. "A lot of executives ...
P/C Profits Nearly Quadruple for Berkshire in Q3; Premiums Climb 50%
While investment losses pulled net income for Warren Buffett's Berkshire-Hathaway down 8.6 percent to $3.6 billion in third-quarter 2014, a 40 percent jump in operating income for the group's ...
Buffett’s Tesco Investment Fuels 3Q Profit Drop for Berkshire
Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit slipped 8.6 percent on investment results, including an impairment on a holding of U.K. retailer Tesco Plc. Net income fell to $4.62 ...
Swiss Re’s P/C Reinsurance Unit Excelled in Q3
While the property/casualty reinsurance industry continues to be hammered by heavy competition and soft pricing, Swiss Re can celebrate its 2014 third quarter results. The Zurich company reported a ...