The value of coastal exposures along the Atlantic and Gulf coasts have experienced a compound annual growth rate of about 4% over the past decade, according to catastrophe risk modeling firm AIR Worldwide. AIR released its “Coastline at Risk” analysis …
International Business Machines Corp. announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management. Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw …
Insure My Closing, a new insurance program that provides expense coverage due to closing delays for home buyers, has been launched and is available in 28 states. Offered exclusively through Norman-Spencer Agency and backed by an A++ rated carrier, the …
Major insurer The Hartford saw its net income fall and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty insurer Navigators Group. Second quarter 2019 …
Giant conglomerate Berkshire Hathaway saw its total insurance underwriting profit in the second quarter fall 63% to $353 million from $943 million in the second quarter of last year. Compared to the same period last year, underwriting results were down …
Berkshire Hathaway Inc. on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett. Berkshire’s auto insurer Geico suffered …
Massachusetts took Purdue Pharma LP to task in a Boston courtroom Friday, blaming the opioid maker and the billionaire Sackler family that owns it for causing “thousands of people to suffer and many to die.” The state has proof Purdue …
On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren’t human. They don’t blink or take breaks, and guided by artificial intelligence they can tell the difference between …
Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few among the top 10 largest personal auto insurance carriers …
Days before Saturday’s mass shooting that killed 20 people at a Walmart Inc. store in El Paso, Texas, another shooting erupted at a Walmart in Southaven, Mississippi. In that case, Walmart’s mandatory “active shooter” program may have helped save lives. …
