Industry News
Prop. 103 vs. Self-Driving Cars Revving Up in California
Way back in 1988 it probably seemed like the idea of self-driving vehicles was about as far off as flying cars or hovercraft. That was the year California voters enacted Proposition 103, giving an ...Berkshire Specialty Hires AIG’s O’Neill to Enter Crime Insurance Segment
Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O'Neill to lead the effort. O'Neill joins BHSI with 30 years of fidelity ...
Benmosche Unimpressed with Berkshire Specialty’s Recruits from AIG
Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett's Berkshire Hathaway Inc. hasn't amounted to much so far. Buffett's firm ...
Deere Weighing Possible Sale of Crop Insurance Biz
Deere & Co., the world's largest maker of agricultural equipment, hired Citigroup Inc. to look at strategic options for its crop insurance unit as it sells assets to focus on core businesses such ...
AXIS Capital Eyeing More Insurance Biz, Acquisitions as Re Market Gets Uglier
AXIS Capital Holdings Ltd. plans to expand the insurance side of its business to make up for lower earnings from the reinsurance segment. "I wouldn't be surprised now over the next couple of years if ...
GNY CEO Warren Heck to Retire; Daughter Will Replace Him
Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He'll remain at the insurer as non-executive chairman. But Heck's daughter, Elizabeth Heck, currently ...
Marijuana and Workers Comp
There are some who believe medical marijuana and the workplace are a potent mix just waiting to be stirred as increasingly more states approve the herb and its derivatives for medicinal use. Not only ...
Greenberg’s Starr Sues U.S. Over $38M Tax Dispute
Maurice "Hank" Greenberg's Starr International Co. seeks a refund for overpayment of taxes for 2007 in a $38 million lawsuit against the U.S. The Internal Revenue Service has taken no action on ...