News
El Nino’s Calm Winds Harming U.S. Wind Power Producers
Calm winds are hurting U.S. wind power producers. Unusually still weather in the upper Midwest and Great Plains in late 2018 has already taken a bite out of earnings at NextEra Energy Inc. and ...
China Regulator Orders Banks, Insurers to Amp Up Lending to Private Firms
China's banking and insurance regulator said on Monday it had told all of the country's banks to sharply increase lending to private companies, as policymakers step up support for the slowing ...
China’s Ping An Insurance Reportedly Planning Massive IPO for Fintech Unit
Ping An Insurance (Group) Co., China's largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about ...
IAALS Unveils New Protocols for First-Party Insurance Disaster Claims
A national legal group has developed new, streamlined protocols designed to promote a more efficient exchange of information in first-party insurance claims cases stemming from man-made and natural ...
Focus on Operating Earnings, Buffett Says; Insurance Ops Add $6B
In the conglomerate's annual report published on Saturday, Berkshire Hathaway Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations ...
Buffett Letter Confirms GEICO Nicely Retirement; Roberts New CEO
Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.'s Geico insurance unit. The letter also offered some perhaps ...
Buffett’s Berkshire Hathaway Reportedly Negotiating to Sell Workers Comp Unit
Warren Buffett's Berkshire Hathaway Inc is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said ...
J&J Now Stands Alone in Fighting Off Talc Lawsuits
Johnson & Johnson now finds itself alone in fighting the claims of a dying California woman and thousands of people like her who allege that the company's iconic baby powder contained asbestos ...