Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried to make one of the biggest acquisitions of his storied career. The …
Federal officials are putting fresh pressure on Congress to take action on the National Flood Insurance Program, whose authorization expires at the end of this month, one day before hurricane season begins. The NFIP has been a political football in …
Warren Buffett is not one to talk much about his personal life in public, but his prostate cancer may dominate the conversation this weekend when his conglomerate Berkshire Hathaway convenes its annual shareholder meeting. The event dubbed “Woodstock for Capitalism” …
U.S. military personnel have 13 percent more car accidents in which they are at fault in the six months after returning from overseas duty than in the six months prior, a USAA study revealed on Tuesday. USAA, a major insurer …
Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers’ privacy despite the rising threat of hacking, according to a survey released on Monday. Not only are most North American …
CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines “profit.” How much AIG actually borrowed …
The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property insurance and group benefits …
Citigroup and MetLife led a list of financial institutions that failed the Federal Reserve’s latest round of stress testing Tuesday, a shock result for two companies that were widely expected to return billions of dollars in extra capital to shareholders …
Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday. Friday’s system has …
Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits. Even though Berkshire’s Warren Buffett …
