News
XL Group Looking to Switch Corporate HQ from Ireland to Bermuda
XL Group's $4 billion merger with Catlin in 2015 has led the insurance and reinsurance giant to look at its second change of incorporation in six years. The Ireland based holding company for XL ...
For State Farm, 2015 Underwriting Losses Balanced Out by Investment Gains
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
First ‘Contextual’ Telematics Insurance Model Launching in U.S.
Last week, LexisNexis Risk Solutions announced a new telematics model, describing it as the first U.S. insurance model to apply geospatial context to driving events to better understand how drivers ...
Massive Calif. Methane Leak Ranks as Largest U.S. Event of Its Kind
The months-long natural gas leak that forced thousands of Los Angeles residents from their homes ranks as the largest known accidental methane release in U.S. history, equal to the annual greenhouse ...
Pretotyping Explained: Why Google, Tech Innovators Set Out to Fail Fast
Pretotyping is the key to market innovation, according to a technology entrepreneur who once held the title of innovation agitator at Google. Alberto Savoia, the founder of Pretotype Labs and former ...
‘Highly Likely’ Climate Change Won’t Hurt Berkshire Insurance Ops: Buffett
Although it is "highly likely" that climate change poses "a major problem for the planet," it's less likely climate change impacts will dent the profits of Berkshire Hathaway's insurance operations, ...
Berkshire Reports 13th Straight Underwriting Profit; BH Specialty Premium Tops $1B
Insurance operations contributed $4.9 billion to total operating income of $17.4 billion for Berkshire Hathaway in 2015, with underwriting profit levels dropping and investment income rising compared ...
Buffett: Don’t Listen to Prez Hopefuls Talking Down U.S. Economy
Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc. shareholder letter on Saturday, saying they are misleading ...