Markets
Buffett’s Berkshire Hathaway Seeks Greater Wells Fargo Stake
Warren Buffett's Berkshire Hathaway Inc. applied to the Federal Reserve for approval to expand its stake in Wells Fargo & Co. after reaching the 10 percent threshold that requires regulatory ...
Lightning Could Threaten Millions of Homes Built With a Type of Gas Tubing
Lightning strikes occur approximately 25 million times each year in the U.S., as reported by the National Severe Storms Laboratory. As summer approaches, storm producing lightning strikes could ...
Zurich’s UK General Insurance Head Departs; Replacement Named
The CEO of Zurich Insurance's UK General Insurance business is departing, and the insurer has already named a replacement as it proceeds with a reorganization. Vibhu Sharma, who spoke at a FT life ...
Execs See London Insurance Market as Weathering Brexit Storm
Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London's ...
Fatal Crash of Tesla on Autopilot Spurs NHSTA Investigation
U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for ...
UBI Increases Auto Insurance Customer Satisfaction: J.D. Power Study
Increased data and improved accuracy in risk-based pricing are some of the benefits that auto insurers seek when they adopt usage-based insurance programs, but an added benefit is increased retention ...
Marsh: 2015 Federal Terrorism Reinsurance Renewal Kept Market Stable
Passage of the updated U.S. federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed. Marsh noted ...
AIG Hires Chief Digital Officer Who Upped JPMorgan Chase’s Game
American International Group hopes an executive that helped bring Apple Pay and a number of mobile banking apps to JPMorgan Chase & Co. can help it generate similar digital customer service ...