Berkshire Likely to Report Big Q3 Claims Costs – and Reduced Insurance ‘Float’ November 1, 2017 By Noah Buhayar The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have...
Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica October 6, 2017 By Chiara Remondini and Sonali Basak Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about...
Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market September 28, 2017 By Bhuma Shrivastava General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in...
Yahoo to Pay $5.5M After Breaking NCAA Tournament Bracket Deal August 22, 2017 By Jonathan Stempel Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting...
Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market August 11, 2017 By Oliver Suess When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally...
Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources July 26, 2017 By Cristiane Lucchesi, Felipe Marques and Noah Buhayar Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin...
Settlement Deal Between California Commissioner and Applied Underwriters June 8, 2017 California Insurance Commissioner Dave Jones announced today that the California Department of Insurance has reached a settlement agreement with Berkshire...
Insurers Increasingly Embrace Robots over Humans for Customer Service April 19, 2017 By Oliver Suess Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to...
CEOs of California Sewing Firms Sentenced for Workers’ Comp Fraud March 17, 2017 Sisters who are CEOs of sewing companies that are subcontracted by True Religion jeans have been sentenced for conspiring with...
Insurtech Startups Attract Growing List of Traditional Insurer Partners November 28, 2016 By Oliver Suess Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years....