U.S.
Liberty Mutual Sells $750M Bond to Fund Part of Berkshire Cover
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett's Berkshire Hathaway Inc. for covering the insurance company's liabilities tied to ...
Five Ex-NFL Players File Suit Against Union for Hiding Concussion Risks
Five former NFL players, including six-time Pro Bowl defensive end Neil Smith, are suing the union for not providing accurate information about the risk of head injuries. The lawsuit on behalf of ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
‘Funnel of Fire’ Destroyed 100 Homes in Washington; Fires Continue
A fire racing through rural north-central Washington destroyed about 100 homes as of Friday, leaving behind smoldering rubble, solitary brick chimneys and burned-out automobiles as it blackened ...
NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers
The nation's organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year-old state-based insurance ...
RLI Scores With a Solid Q2
Specialty insurer RLI Corp. closed its 2014 second quarter with higher underwriting income and net earnings, greater book value, and growth in premiums earned. But the Illinois company still faced a ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
Senate Overwhelmingly Approves TRIA Renewal Bill
The U.S. Senate overwhelmingly approved a bipartisan bill that would renew the Terrorism Risk Insurance Act, even as the House struggles to schedule a floor vote for its version before the August ...
AIR Worldwide Updates U.S. Severe Thunderstorm Model, Unveils Crop Hail Model
Catastrophe risk modeler AIR Worldwide has updated its Severe Thunderstorm Model for the United States, including significant enhancements to all three model components: hazard, engineering and ...