Commercial Lines
Radio Network, Other Spanish Companies Struck by Cyber Attack
A cyber attack has hit Spanish companies including Cadena SER radio, Spain's National Security Department said on Monday. The virus affected Cadena Ser's local broadcasts, although national output ...
Insurers, Others Face New EU Disclosure Rules on Responsible Investments
European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension funds to disclose environmental and social risks in their investments from ...
Buffett’s Berkshire Hathaway Tops Profit Forecasts, Despite Trade Drag and Record Cash
Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and ...
Berkshire Hathaway Reinsurance P/C Premiums Jump, and Other Q3 Earnings Takeaways
For Berkshire Hathaway Inc., profits from its stake in Kraft Heinz Co. were better late than never. Almost a third of the jump in Berkshire's third-quarter earnings came from finally recording its ...
EverQuote, Bold Penguin Team to Launch Commercial Lines Marketplace
EverQuote, a Massachusetts-based online personal insurance marketplace, is pairing with technology platform provider Bold Penguin to launch a commercial lines marketplace. EverQuote said it will use ...
Insured Losses From Japan’s Typhoon Hagibis Could Reach $11B: RMS Estimate
Insured losses stemming from Typhoon Hagibis in Japan will hit between $7 billion and $11 billion, catastrophe modeling firm RMS is estimating. While last month's Typhoon Faxai was a wind-driven ...
The Story Behind a Quiet California Fire Season That Turned Into Chaos
The 2019 California wildfire season was remarkably, almost happily, quiet. Until it wasn't. October arrived and 80,000 acres erupted in flames. More than 300,000 people were evacuated and more than 3 ...
Facebook Sued Over Allegations of Age and Gender Bias in Financial Services Ads
Facebook Inc was sued on Thursday in a proposed class action accusing it of discriminating against older and female users by withholding advertising for financial services such as bank accounts, ...