Markets
U.S. P/C Insurance Industry Reached Record Surplus in 2014: A.M. Best
The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion ...
AIG Among Companies Pushing For Drone Concessions as FAA Mulls Restrictions
As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions. ...
Analysis: PartnerRe May Find Shareholder Resistance to AXIS M&A Plan
PartnerRe Ltd. is betting the value of a merger with AXIS Capital Holdings Ltd. is worth more in the long run than an extra few dollars a share now. Shareholders may not agree. The Bermuda-based ...
Oil Train Explosions Still Likely Even With New Speed Limits in Place: Critics
New U.S. and Canadian speed limits for oil trains will do little to temper the likelihood and severity of explosive accidents that have grown in frequency over the past two years, critics of new ...
95% of Small Businesses Lack Cyber Security Insurance: Survey
A whopping 95 percent of small businesses in a new survey said they lack cyber security insurance, even as a large majority view the issue as a huge concern. At the same time, less than half have ...
Bitcoins are Emerging as the Next Cyber Insurance Risk
Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of ...
Buffett Expects Berkshire Hathaway Conglomerate to Continue Without Him
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said his life's work won't be broken apart by activist investors once he's no longer at the helm. "The ...
Buffett’s GEICO Hit With Worsening Margins; Customer Prices to Rise
GEICO, the auto insurer owned by Warren Buffett's Berkshire Hathaway Inc., will charge drivers more after margins worsened. The pretax underwriting gain at GEICO fell to $160 million in the first ...