Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those losses would be enough …
Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those losses would be enough …
Warren Buffett’s conglomerate Berkshire Hathaway Inc. reported a smaller third-quarter profit Friday after losing more than $2 billion on derivatives related to stock market performance. That was nearly three times what Berkshire lost on the same instruments a year ago. …
Travelers Cos. is the latest large insurance company to say the asbestos problem, which the industry was supposed to have put behind it long ago, has not gone away and may be getting worse. Travelers put 25 percent more into …
AIG’s global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday. Peter Hancock also said Chartis is pursuing a strategy of …
Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply. For nearly four months, Transatlantic has been the subject of …
The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet again. Industry executives say …
The number of people in the Northeastern United States who suffered water damage from Hurricane Irene is more than double the number who suffered wind damage, an Ipsos/Reuters poll showed Thursday. Yet two weeks after the storm struck, only 6 …
The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten the earnings of some of the country’s largest insurers for years to come. Wall Street in the past week has …
President Barack Obama endorsed key elements of a U.S. flood insurance reform bill passed by the House in the tax and deficit plan he unveiled Monday, even as the reform has stalled in the Senate without a clear path forward. …
