Markets
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...
Hippo Sees Q2 Loss Increases; Company President McCathron Says Geographic Risk Diversification Is Underway
California-based digital home insurer Hippo disclosed its quarterly earnings on Aug. 16, the first time it has done so as a public company. Hippo reported an $84.5 million net loss during Q2 2021, or ...
Cyber Attack Claims Soar in 2020 for Smaller Organizations: Coalition
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An ...
Pearson Will Pay $1M to Settle Charges It Misled Investors Over Cyber Attack
London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange ...
Executives On The Move at Zurich North America and Verisk
Zurich North America appointed its first-ever Head of Casualty, filling the position with a rising executive within its ranks. Verisk hired a new Chief Human Resources Officers, someone who has ...
Tesla Autopilot in 765,000 Vehicles Subject of Formal U.S. Safety Probe
U.S. auto safety regulators said Monday they had opened a formal safety probe into Tesla Inc's driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National ...
Willis Towers Watson Chooses Hess as Its Next Leader
Insurance broker Willis Towers Watson chose Carl Hess as the company's new president and next chief executive officer. Hess, who currently serves as Willis Towers Watson's head of Investment, Risk ...
Boy Scouts Ask Judge to Approve $850M Bankruptcy Plan Despite Insurer Opposition
An attorney for the Boy Scouts of America told a Delaware judge on Thursday that the group's national board never adopted a resolution approving an $850 million agreement that is the linchpin of the ...