News
Executives On The Move at Chubb, GEICO, Willis Towers Watson and Alliant
Chubb made two senior management appointments. GEICO promoted an executive involved with national claims operations. Alliant hired an insurance industry veteran with a background in energy and marine ...
Buybacks Not ‘Un-American,’ But Accounting ‘Adjustments’ Cringeworthy, Buffett Says
Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. ...
A Different View of America: Berkshire’s Buffett Trumpets Messages of Optimism
The annual letter to shareholders from Berkshire Hathaway's Chairman Warren Buffett seemed to have an underlying theme this year: Move over naysayers. Berkshire Hathaway's Chairman Warren Buffett ...
GEICO Steps on Gas as Berkshire Motors to 14th Straight Underwriting Profit
Even though Berkshire Hathaway's GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of ...
How Technology Is Changing Workers Comp
New technologies are improving workers compensation programs in everything from communications and training to health care delivery and claims, according to experts. Tom Ryan, market research leader ...
AOB Abuse in Fla. Reaching Crisis Point
Assignment of benefits (AOB) abuse has escalated over the last five years to the point where it is now a serious disruption to Florida's insurance market. The abuse, which is especially rampant in ...
Hanover Insurance Eyes Specialty Expansion, Restructures Agency Biz
The Hanover Insurance Group Inc. is making some organizational changes as it implements what its CEO calls its "go-forward business strategy, Hanover 2021," focused on growing responsibly, managing ...
AIG Headcount Shrunk by 10,000 in 2016
American International Group Inc.'s headcount fell by 10,000 last year as Chief Executive Officer Peter Hancock sold units and cut jobs. The number of employees fell by 15 percent to 56,400 as of ...