P&C Companies News

BERKSHIRE SEEING DOUBLE

Warren Buffett’s Berkshire Hathaway reported third-quarter profits this year nearly doubled from 1999. Modest insurance holdings gains helped Berkshire see...

Everest Re Affirmed

The “A+” financial strength rating (FSR) of Everest Reinsurance Co. and its four insurance affiliates was affirmed by A.M. Best...

ABI Sets Minimum Claims Standards

In an effort aimed at “picking out the cowboys” in the U.K.’s insurance industry the Association of British Insurers has...

GAINSCO TO EXIT COMM. TRUCKING

GAINSCO has reported a third quarter loss of approximately $7.6 million. As a result, the company has concluded it will...

AON CUTS 3,000 JOBS

Aon Corp. reported it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325...