Warren Buffett’s Berkshire Hathaway Inc. said Friday quarterly profit fell 18 percent, hurt by lower earnings from insurance underwriting and a decrease in investment gains. In his annual letter to Berkshire shareholders, Buffett said insurance earnings may remain under pressure, …
Regions Financial Corp, a large Southeast regional bank, on Wednesday said it has received information requests from the Securities and Exchange Commission regarding some Morgan Keegan mutual funds whose values plummeted as the credit crisis intensified. The Birmingham, Alabama-based company …
A jury in Napa, Calif., has awarded the Marin School Insurance Authority $4.66 million stemming from a lawsuit against its long-term third-party claims administrator, ESIS, Inc. “This victory is especially rewarding considering how uncommon it is for public risk pools …
California Attorney General Edmund G. Brown Jr. and Secretary for Resources Mike Chrisman have sued the U.S. Forest Service for adopting “illegal forest management plans” that permit road construction and oil drilling in California’s largest national forests. The two officials …
The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) announced final disciplinary actions taken by Commissioner of Workers’ Compensation Albert Betts in December 2007 and January 2008. The final actions include orders assessing administrative penalties totaling $131,000 for violations …
A U.S. federal judge Thursday granted Pfizer Inc.’s motion to dismiss a shareholder lawsuit that alleged the company hid information and made misleading claims about a failed experimental cholesterol drug in order to prop up its share price. The plaintiffs …
For the 50th consecutive year, the Insurance Marketing and Communications Association (IMCA) has issued its Call for Entries for the IMCA Showcase Awards. The awards recognize the best of marketing communications in the insurance industry in order to encourage higher …
James Schumann, president of American Aim Insurance Agency, Inc., announced the appointment of Samantha Russell as head of the personal lines division at the company’s office in Fair Oaks, Calif. Russell will serve as a liaison to both standard and …
Nancy Frost has been named vice president of employee benefits for Lawson-Hawks Insurance Associates, an insurance intermediary and broker based in Mountain View, Calif. “Ms. Frost brings with her to Lawson-Hawks an incredibly impressive work and service background in the …
Calif.-based property and casualty insurer Pacific Specialty Insurance Co. announced a new suite of preferred-tier residential property products in Georgia and Nevada. Effective March 3, PSIC will offer new discounts and more options to help producers attract and retain more …
