Commercial Lines
New England Mega-Storm Claims Are Risky For Regional Insurers: A.M. Best
As New England confronts record snowfall and the risks that come with it, an open question remains whether property/casualty insurance carriers who do the bulk of their business in the region can ...
Expect U.S. Crop Insurance Floor Prices to Drop in 2015
Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday. The U.S. ...
Amlin and Hiscox Assert They’re Big Enough to Stay Independent
Lloyd's of London insurers Amlin Plc and Hiscox Ltd. both said they have enough scale to stay independent and see no need to find a buyer amid a flurry of deals in the industry. Both insurers ...
Special Report: A Closer Look at Berkshire Hathaway’s Insurance Operations
Insurance operations contributed $5.2 billion to total operating income of $16.6 billion for Berkshire Hathaway in 2014—with the underwriting component of $1.7 billion (after taxes) representing ...
Buffett, Munger on Leadership, Success in Business
The Berkshire Hathaway 2014 Annual Report includes discussions from Chair Warren Buffett and Vice Chair Charlie Munger about leadership and success in the insurance business. Some excerpts follow. ...
A.M. Best Affirms AIG P/C Subs Despite Reserve Deficiency
Although A.M. Best says property/casualty insurance loss reserves at American International Group remain deficient, the rating agency affirmed the "A" financial strength rating of AIG's U.S. and ...
Financial Strength is Top Driver of Capital Use for P/C CFOs: Towers Watson
North American property/casualty insurance chief financial officers make capital spending decisions based primarily on financial strength as they confront new technology, other competitive demands ...
Insurers Targeted in Proposed New York Corporate Whistleblower Protection Law
Employees who report illegal activity in insurance, banking and financial services would be protected and compensated for their trouble under new legislation proposed by New York State Attorney ...