Omaha, Neb.-based Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit as of Friday, Aug. 8 because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative losses. Billionaire Warren Buffett’s company said it generated $2.9 …
American Special Risk Insurance Services, a surplus lines professional liability managing general agent/wholesaler based in Woodland Hills, Calif., appointed Rocio L. Orta president and CEO. She will be responsible for developing and implementing strategic and operating plans focusing on ASR’s …
The Woonsocket, Rhode Island Fire Department is warning city residents to be on the look out for phony fire marshals. Officials say one or more people have been falsely representing themselves as a fire marshal. The department says it will …
Three former lead paint companies want to be reimbursed for some of the costs of defending against a public nuisance lawsuit filed by the state of Rhode Island. Last month, the state Supreme Court overturned a first-in-the-nation jury verdict that …
General Motors Corp. and its auditor have agreed to pay $303 million to settle claims that the automaker misled shareholders about its finances. Under the settlement, GM would pay $277 million to investors, while its auditor, Deloitte & Touche LLP, …
North Carolina Insurance Commissioner Jim Long today announced the arrest of an Apex woman on one count of embezzlement and one count of obtaining property by false pretenses. Mary Grantham Hicks, aka Mary Linda Hicks, 58, is the owner of …
Since the beginning of Alabama Gov. Bob Riley’s administration, Insurance Commissioner Walter A. Bell said it has been the Department’s goal to streamline insurance regulation and to reduce red tape. “From the day I started as commissioner, I wanted this …
Fatal motorcycle accidents in Tennessee are increasing corresponding with a rise in the number of people being issued motorcycle licenses. According to the Tennessee Department of Safety, the number of motorcycle licenses increased statewide about 5 percent each year between …
North Carolina Gov. Mike Easley announced that law enforcement officers across the state will conduct a one-day “Booze It & Lose It” enforcement blitz today — 08.08.08, as a reminder for motorists not to drink and drive. The North Carolina …
Enforcement actions by Texas Commissioner Mike Geeslin in June included five license revocations, a license denial, and fines and restitution totaling $4,422,505, theTexas Department of Insurance reported. Copies of Geeslin’s orders may be obtained by contacting TDI’s Public Information Office. …
