Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long. Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of its Geico unit. He replaced Bill …
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm’s CEO. Since May 2018, Andersen and Michael O’Connor had served as Aon co-presidents. Aon said O’Connor is departing Aon to pursue new opportunities after 12 …
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations were lower in 2019 and losses from reinsurance were …
Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in 47 states and territories. Blackboard’s commercial insurance package includes property, general liability, auto, and umbrella across the manufacturing, real estate, …
Police in Vermont’s largest city have arrested a man accused of setting a series of fires that caused about $74,000 in damage. Robert Barbin, 57, is facing charges of arson and reckless endangerment. Burlington police say he ignited a fire …
Vermont’s attorney general announced a settlement with three of the state’s nursing homes over allegations of neglect that resulted in serious injuries to three residents and the death of a fourth. The settlement with the three Genesis Healthcare subsidiary-operated nursing …
A federal judge has dismissed a lawsuit against Delaware’s largest city involving deaths and injuries of firefighters who responded to an arson. The lawsuit sought to hold Wilmington officials liable for the deaths of three firefighters and serious injuries suffered …
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central bank governor said in an interview with Bloomberg TV. The new rules would “make the market more attractive to foreign …
Korean Reinsurance Co. obtained approval on Feb. 18, 2020 to open a representative office in Bogota, Colombia. This move is in line with its corporate strategy to further diversify into the Latin American markets, the company said in a statement. …
The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate change and is hit by policy shifts such as the introduction of a carbon tax, a new report shows. The …
