Leadership & Strategy
Insurance Ops ‘Shoot The Lights Out’ At Berkshire, Buffett Says
Recognizing the $4.4 billion contribution of Berkshire Hathaway's insurance operations to its overall after-tax profit of $15.3 billion for the in 2012, Warren Buffett said the group's insurance ...State Farm Reports Income Over $3B For 2012
On Friday, the nation's largest insurer, State Farm, reported an after-tax net profit of $3.2 billion for 2012, compared with $0.8 billion in net income in 2011, attributing the jump primarily to ...Meadowbrook Corrective Actions Yet To Sway A.M. Best; Company Reacts
On Friday, A.M. Best said that the "A-minus" financial strength ratings of members of Meadowbrook Insurance Group, Inc. remain under review with negative implications—a status that has been in ...Liberty Mutual’s 2012 Profit More Than Doubles To $829M Despite Q4 Net Loss
Liberty Mutual and its subsidiaries reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million Superstorm Sandy losses. In comparison, the Boston-headquartered ...
Snapshot: Who Are America’s Small Business Entrepreneurs?
About one third of America's entrepreneurs are women, many are between the ages of 30 and 49, and 60 percent spent more than six months working on their business idea before forming their entity. ...A.M. Best Comments On Moody’s UK Downgrade
A.M. Best Europe-Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade." Best was referring to ...Markel, Alterra Shareholders Approve Acquisition
Markel Corporation and Alterra Capital Holdings Limited said that their respective shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel. The ...
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...