Articles by Noah Buhayar

Inventor Peddles a Wildfire Spray to Desperate Homeowners. Not All Are Buying It.

Jim Moseley stands poolside, aviator sunglasses perched on his head, holding a blowtorch. He’s got a stick that’s been treated at one end with SPF 3000, the fire-prevention spray he invented. We’re on the side of a mountain in Malibu …

Wildfire Crisis is Roiling California’s Insurance Market

Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los Angeles. It had safety features tucked into the …

Housing Crunch in California’s Pushing Developers Deeper into Wildfire Zones

The Santa Ana winds were blowing as Greg Medeiros ducked behind his Chevy Tahoe on a remote hillside 25 miles from the edge of Los Angeles’s sprawl. He gestured to the valley below, describing his vision of Centennial, the city …

Crane Collapse Casts Pall Over Seattle’s Rapid Growth

The crane collapse in the heart of Seattle’s tech hub Saturday ended four lives, cast a pall on the city’s rapid expansion and may lead to tens in millions of dollars of costs for a building that Alphabet Inc.’s Google …

New Accounting Rule Could Serve Up Surprises at Buffet’s Berkshire Annual Meet

Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett’s company is scheduled to report earnings Saturday morning before its annual meeting, and a new accounting rule could sink results. Berkshire is now required to report unrealized …

Insurance Chief Jain’s Berkshire Hathaway Shares Top $100 Million

One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings …

Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’

The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They’ve also turned an underwriting profit every year since 2002. That streak could …

Irma’s Shift Westward Caught Some by Surprise

Hurricane Irma’s westward shift will probably inflict heightened damage on people and businesses unable to adjust to its new path in time, while the storm fuels floods that many insurance policies don’t cover. Along Florida’s west coast — now in …

As Irma Looms, This Small Insurer Has an Outsized Bet on Florida

As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market capitalization dwarfed by industry giants like Allstate Corp. and …

How Hurricane Harvey Is Affecting Catastrophe Bonds

Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast. The Swiss Re Cat Bond Price Return Index dropped 0.44 percent this week, the steepest decline since January. The benchmark, which …