Industry News
Berkshire Hathaway’s Insurance Businesses Rebound; Accounting Change Leads to Overall Net Loss
Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway Inc on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would ...
Brexit Talks Avoid Sensitive Topics as Work Begins on Future Setup
Talks between the U.K. and the European Union skirted around the biggest obstacles to a Brexit deal as officials settled on a list of topics to shape negotiations about the future. Negotiators didn't ...
American Family, Main Street America Group to Merge
On Friday, Madison, Wisconsin-based American Family Insurance group and Florida-based The Main Street America Group announced that their companies will pursue a merger. The combined equity of the ...
UPDATED: Hiscox Debuts New Coverages for Management Liability, Corporate Crime
Hiscox debuted new coverages in the U.S. designed to help companies manage liability and crime—a launch the international specialist insurer said is part of its executive liability insurance policy ...
For the 2018 Atlantic Hurricane Season, Modeling Catastrophes Differently Might Help
The 2018 Atlantic hurricane season is nearly upon us. It begins June 1 — less than one month away — with as many as 14 named storms predicted and a greater than normal chance a major system will ...
QBE Invests in a Third AI Startup, With Plans to Use the Tech Internally
QBE Insurance Group Ltd.'s venture capital arm is betting once again on artificial intelligence with its third investment in the space—this time with a startup focused on developing the technology ...
AIG CEO Duperreault Promises Year-End Underwriting Profit; Investors Not Convinced
American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince ...
Lockton Fined in NY Over NRA Insurance; Probe of Other Players Continues
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The ...