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....
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question. December 3, 2019 By Riley Griffin, Katherine Chiglinsky and David Voreacos, Bloomberg By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a...
Wildfire Crisis is Roiling California’s Insurance Market November 27, 2019 By Katherine Chiglinsky, Prashant Gopal and Noah Buhayar Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly...
Hemp and CBD Remain Risky Businesses in Uncertain Legal and Gig Climate October 30, 2019 By Katherine Chiglinsky and Craig Giammona Executives at Kirby Co.’s home office noticed an odd trend: Its door-to-door vacuum-cleaner salespeople were increasingly involved in the same...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market October 28, 2019 By Katherine Chiglinsky American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies...
Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience September 25, 2019 By Katherine Chiglinsky Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural...
Genworth to Sell Stake in Canada Mortgage Unit to Push China Deal August 13, 2019 By Divya Balji, Katherine Chiglinsky and Doug Alexander Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as...
Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms June 18, 2019 By Katherine Chiglinsky Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms....
Travelers Beefing Up Wildfire Protection After 2018 California Blazes June 14, 2019 By Katherine Chiglinsky Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a...
AIG Scores P/C Insurance Profit in Q1 May 7, 2019 By Katherine Chiglinsky Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business...