Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company to a stock insurer. The insurer is …
California Insurance Commissioner Dave Jones reached a $30 million settlement with pharmaceutical giant Bristol-Myers Squibb over allegations of drug marketing fraud and physician kickbacks. The settlement stems from charges in a whistleblower lawsuit filed by three former Bristol-Myers Squibb sales …
People whose south Mississippi homes or businesses flooded in late April or early May have until Aug. 8 to apply for Small Business Administration disaster loans. The low-interest loans are available in Harrison, Hancock, Jackson, Pearl River and Stone counties, …
North Carolina will offer less expensive ways for Duke Energy to clean up coal ash pits at seven sites while ensuring drinking water is piped to residents near the ponds, a compromise that has appeased the General Assembly but leaves …
Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with Autopilot veered into …
Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Commercial Output Policy (COP) that combines the company’s new admitted property insurance policy with its inland marine coverages. BHSI’s COP uses American Association of Insurance Services (AAIS) wording and responds to property …
A federal appeals court on Friday rejected a bid to revive a $54.8 million jury verdict against Wells Fargo & Co, saying the trial judge had authority to take the “drastic step” of decertifying the class action after the award …
BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The London-based company expects to take a $2.5 billion …
Cincinnati Financial Corp. reported that the Cincinnati Insurance Companies’ property/casualty group expects its second-quarter results to include pretax catastrophe losses of approximately $160 million to $170 million. That loss amount represents an impact on the second-quarter 2016 combined ratio of …
How should an agent or broker approach selling travel medical insurance to those heading to Brazil? The answer is simple: know what potential dangers they face, provide them with the information to reduce their risk, and in the event they …
