Berkshire Hathaway Reports $2.7B Loss in Third Quarter
Warren Buffett's Berkshire Hathaway Inc. on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from ...
Industry News
Markel Q3 Income Drops on Investments but Insurance ‘Solidly Profitable’
On the heels of a third quarter that saw increased earned premiums compared to the same stretch in 2021, leaders at Markel Corp. recently reflected on their recent ...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Allstate Corp. said it recorded a third-quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the ...
FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian ...
CNA Records 50% Drop in Q3 Net Income
Net income at CNA Financial Corp. was down 50 percent for the third quarter of 2022 compared to the prior year quarter, while property/casualty core income grew on ...
CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources
CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government ...
Everest Unveils Refreshed Brand, Reflecting Commitment to ‘Underwrite Opportunity’
Everest Re Group Ltd., the Bermuda-based re/insurer, has unveiled a refreshed brand, including a new logo and visual identity reflecting its positioning and commitment to ...
Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You
Progressive's Flo won't reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business growth, company leaders said yesterday. That means potentially using ...