New Accounting Rule Could Serve Up Surprises at Buffet’s Berkshire Annual Meet May 4, 2018 By Katherine Chiglinsky and Noah Buhayar Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett’s company is scheduled to report earnings Saturday...
AIG CEO Vows to Improve Bottom Line by Year End May 4, 2018 By Suzanne Barlyn American International Group Inc. executives on Thursday defended their strategy for transforming the company, saying some key improvements would take...
With Flood Risk Rising, Coastal Real Estate Looks a Lot Like a Junk Bond: Viewpoint May 4, 2018 By Noah Smith, Bloomberg Opinion A friend of mine who is a bit of a climate-change skeptic once challenged me with this question: If climate...
Partner Perspective The Agentic Agency: Changing How Agency Work Gets Done Presented by Vertafore For all the attention artificial intelligence is getting in insurance, the fundamental value of the independent agency hasn’t changed. Clients...
Southwest Air Jet Engine That Failed Was Inspected 7 Times May 4, 2018 By Alan Levin The fan blade that failed on a Southwest Airlines Co. plane last month, killing a passenger, had been inspected seven...
Insurer Sees Growth in Insurance Market for Telemedicine Providers May 4, 2018 As the U.S. market for telemedicine continues to expand, so does demand for insurance coverage for these providers, according to...
FM Global’s Chief Operating Officer Hall to Retire; 2 Leadership Appointments Announced May 3, 2018 Jonathan W. Hall, chief operating officer of commercial and industrial property insurer FM Global will retire on July 1, 2018,...
State Auto Venture Fund Backs 3-D Media Startup May 3, 2018 State Automobile Mutual Insurance Co.’s newly launched $25 million venture fund has made its first investment. The lucky winner is...
Cat Losses Cut Into AIG Q1 Profit May 3, 2018 By Suzanne Barlyn American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad...
Lawsuits Seek to Hold Opioid Makers Responsible for Insurance Premium Hikes May 3, 2018 By Patricia Hurtado and Andrew Harris Makers and distributors of the prescription opioids that triggered a U.S. public health crisis are responsible for a rise in...
New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players May 3, 2018 By Andrew G. Simpson Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New...