News
Strong Euro and Spanish Storms Batter MAPFRE’s Earnings
MAPFRE SA, Spain's biggest insurer, said first-quarter earnings fell 17 percent as the euro's strength limited growth in premiums and winter storm claims weighed on profit in its home market. Net ...
Marsh: Global Property Insurance Rates Drop in Q1
Heavy competition, plus plenty of capacity and very few major events combined to drive global property insurance rates down lower in the 2014 first quarter, a new Marsh report concluded. Marsh's ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Investors Pepper Warren Buffett With Tough Questions
Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway ...
Berkshire Primary Ops Show Double-Digit Profit, Premium Gains in Q1
Berkshire-Hathaway's primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent ...
‘Boom or Bust’ Tornado Seasons Baffle Meteorologists
Something strange is happening with tornadoes lately in the United States and it's baffling meteorologists. It's either unusually quiet or deadly active. Until the latest outbreak in late April, the ...
CEOs Back in Corporate Jets
While U.S. boards have curtailed company-paid perks like hunting lodges and golf club memberships, CEOs are cranking up personal use of corporate jets. The boards defend the perk as a tool to ...
Strong Garage Doors Save Roofs, Shelters Save Lives in Tornadoes: Research
Lightweight garage doors can be the weak link that allows high winds and pressure changes into a home during a tornado, according to a study of tornado damage by researchers from The University of ...
New Drugs Target Asbestos-Linked Cancer; Japan Faces ‘Asbestos Tsunami’
Heather Von St. James, 45, remembers her father, a demolition worker, coming home covered in dust and dirt. Still, she'd hug him each night and, sometimes, put on his coat and shoes to play. Thirty ...