Buffett Says Combs Likely to Head GEICO Only Temporarily February 24, 2020 By Katherine Chiglinsky Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long....
Aon Names Andersen President, While Former Co-President O’Connor Exits February 24, 2020 Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen...
Berkshire Hathaway P/C Insurance Profit Down in 2019 February 24, 2020 Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019...
Insurtech Startup Blackboard Insurance Receives Approval in Virginia February 24, 2020 Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in...
Man Arrested in Series of Burlington Fires Causing About $74K in Damage February 24, 2020 Police in Vermont’s largest city have arrested a man accused of setting a series of fires that caused about $74,000...
Vermont Reaches Settlement with Nursing Homes After Fatality February 24, 2020 Vermont’s attorney general announced a settlement with three of the state’s nursing homes over allegations of neglect that resulted in...
Federal Judge Dismisses Lawsuit Involving Firefighter Deaths in Delaware February 24, 2020 By Randall Chase A federal judge has dismissed a lawsuit against Delaware’s largest city involving deaths and injuries of firefighters who responded to...
Saudi Arabia’s Regulator Plans to Raise Capital Requirements for Insurers February 24, 2020 By Yousef Gamal El-Din, Vivian Nereim and Matthew Martin Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central...
Korean Re to Open Office in Bogota, Colombia, for Latin America Growth February 24, 2020 Korean Reinsurance Co. obtained approval on Feb. 18, 2020 to open a representative office in Bogota, Colombia. This move is...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report February 24, 2020 By Iain Withers The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate...