Commercial Lines
New Credit Card Tech Falls Short in Addressing Security Problems
New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price ...
Insurance IT Investment Will Grow in 2015, With Large Carriers Leading
Insurers plan a healthy average increase in information technology investment for 2015. But the spending hike favors larger carriers more than their smaller rivals, a new industry report from ...
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...
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. ...