News
Global Financial Firms Risk $1 Trillion in Losses if Slow to Act on Climate Change
The world's financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new ...
Saudi Arabia Seeks to Raise Insurer Capital Requirements
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom's overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The ...
Today is Spencer Day; Use #SpencerScholars to Celebrate
The Board of Directors of the Spencer Educational Foundation has designated Feb. 24 as Spencer Day—a day to celebrate Spencer scholarship recipients (#SpencerScholars), the companies that hire them ...
Berkshire Hathaway 2019 P/C Insurance Profit Disappoints
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from ...
Majority of Smart Home Device Owners Willing to Share Data With Insurers—for a Discount
While privacy remains a concern, 78 percent of smart home device owners are open to sharing their data with their insurer to assist in policy pricing, but most (65 percent) would only do so if ...
Berkshire Hathaway Operating Profit Drops; Insurance Results Disappoint
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its ...
Buffett Promises Berkshire Shareholders Will Hear More From Jain and Abel
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change: Shareholders will be hearing more from top lieutenants Ajit Jain and Greg Abel. The pair, seen ...
ProAssurance Agrees to Buy NORCAL in $450M Deal
Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL's demutualization in a $450 million ...