News
Allstate in Talks to Return Headquarters to Chicago From Suburbs
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago. The ...
Berkshire Hathaway Reports $2.7B Loss in Third Quarter
Warren Buffett's Berkshire Hathaway Inc. on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in ...
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Markel Q3 Income Drops on Investments but Insurance ‘Solidly Profitable’
On the heels of a third quarter that saw increased earned premiums compared to the same stretch in 2021, leaders at Markel Corp. recently reflected on their recent earnings and examined how current ...
Stereotypes Can Hold Middle-Aged Women Back at Work: Study
Even as they achieve more power and capability on the job, middle-aged women can be held back by a perceived lack of niceness, new research finds. As a popular tenured professor at UC Berkeley's Haas ...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Allstate Corp. said it recorded a third-quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time. Allstate's Q3 ...
FEMA Flood Maps Are Misleading, Blocking Insurance Uptake: Report
Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, causing thousands of homeowners ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the ...
CNA Records 50% Drop in Q3 Net Income
Net income at CNA Financial Corp. was down 50 percent for the third quarter of 2022 compared to the prior year quarter, while property/casualty core income grew on improved underwriting ...