No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter February 28, 2011 By Andrew G. Simpson Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance...
Next for IBM’s Watson: Insurance Jobs in Jeopardy? February 22, 2011 By Andrew G. Simpson IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!”...
Slow Down on Financial Stability Rules, Say Insurers February 21, 2011 By Andrew G. Simpson The insurance industry is asking the Obama Administration to slow down on rules for deciding whether insurers and other nonbank...
Mood on Main Street: Agents on Hardest Hit Small Businesses February 17, 2011 By Andrew G. Simpson Agents across the country — except in Texas and neighboring states — agree that construction and related trades have been...
Mood on Main Street: How Recession Changed Insurance Buying Habits February 15, 2011 By Andrew G. Simpson The recession has taken its toll on contractors, restaurants, retailers, small manufacturers and other Main Street business around the country...
Aon Revenue Up 40% in Q4 on Hewitt Merger February 4, 2011 By Andrew G. Simpson Growth-oriented insurance broker Aon Corp. saw revenues shoot up 40 percent to $2.9 billion in the fourth quarter, largely driven...
National Underwriter, Summit Media File for Bankruptcy January 26, 2011 By Andrew G. Simpson Summit Business Media and its affiliates including The National Underwriter insurance publisher have filed for Chapter 11 bankruptcy to address...
Florida Commissioner McCarty Accused of Vendetta by Texas Insurer January 24, 2011 By Andrew G. Simpson A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and...
Florida Looking for Ways to Curb Sinkhole Losses January 24, 2011 By Andrew G. Simpson Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up...
Florida Competitive in Workers’ Compensation Market Arena January 24, 2011 By Andrew G. Simpson Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business...