Wells Fargo to Pay $3B to U.S. to Settle Fake Accounts Scandal February 24, 2020 By Chris Prentice, Pete Schroeder and Imani Moise Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices...
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....
Berkshire Hathaway P/C Insurance Profit Down in 2019 February 24, 2020 Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol February 24, 2020 By Andrew G. Simpson In his firm’s annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of...
How Pharmaceutical Firms Are Using Blockchain to Track Down Counterfeit Drugs February 21, 2020 By Gertrude Chavez-Dreyfuss Some of the industry’s largest pharmaceutical companies, including Pfizer Inc. and Eli Lilly and Co., have developed a blockchain-based system...
ProAssurance Looks to Acquire NORCAL in $450M Deal February 21, 2020 Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization...
Insurance Information Institute Names Friedlander, Maccini to Communications Positions February 21, 2020 Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute to broaden the...
Lawmakers to Introduce Bipartisan Bill Aimed at Internet Firms’ Liability Shield February 21, 2020 By Nandita Bose U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two...
Examining the Higher Death Rate for Older Workers: Viewpoint February 21, 2020 By Justin Fox, Bloomberg Opinion U.S. workplaces have gotten a lot safer over the course of the past century. In 1913, the Bureau of Labor...
How One County Plans to Vet Insurers for Fossil Fuel Investments February 20, 2020 By Don Jergler “We have front row seats,” said Elise Jones, a Boulder County commissioner. Jones along with two other commissioners oversees government...