Commercial Lines
Berkshire Hathaway Operating Profit Drops; Insurance Results Disappoint
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its ...
Buffett Promises Berkshire Shareholders Will Hear More From Jain and Abel
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change: Shareholders will be hearing more from top lieutenants Ajit Jain and Greg Abel. The pair, seen ...
ProAssurance Agrees to Buy NORCAL in $450M Deal
Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL's demutualization in a $450 million ...
Proposed U.S. Legislation Coming That Threatens Tech Platform Encriptions
U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to ...
Allianz Raises Guidance After Profit Jump
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was ...
Ransomware Shuts U.S. Natural Gas Compressor Facility for Two Days
A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country's energy infrastructure over the past few years. ...
China’s Ping An Insurance Warns Coronavirus May Impact Business
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An's comments on the virus were ...
Swiss Re Hit With 2019 Profit Drop; P/C Combined Ratio Reaches 107.8
Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, ...