News
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
Warren Buffett Preaches Caution on Cyber Insurance Because Risks Are Unknown
Warren Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. "I don't think we or anybody else ...
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 ...
Failed Southwest Air Jet Engine Passed Multiple Visual Inspections
The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven times since late 2012 but without the sophisticated technology airlines are now ...
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 ...