Charles Munger, the vice chairman of Warren Buffett’s Berkshire Hathaway Inc., said the decision to take on insurance liabilities from...
Articles by Sonali Basak and Noah Buhayar

State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing...
American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since...
Travelers Cos. was burned again by Mother Nature. Alan Schnitzer has been contending with volatile weather since becoming chief executive...
Fidelity & Guaranty Life terminated its $1.6 billion agreement to be purchased by China’s Anbang Insurance Group Co. and said...
Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares...
Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina,...
When a board member of a publicly traded U.S. company sells even a small personal holding, the director typically has...

American International Group Inc.’s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he...

Before he lost the confidence of big-name investors and his company’s board members, Peter Hancock squandered the faith of many...