Anbang Insurance Group Co Ltd. said on Monday it fully supported the Chinese insurance regulator’s decision to temporarily take control of the company and remains committed to the development of its overseas subsidiaries. These are the first comments by Anbang …
Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. In his annual …
Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his shareholders that this profit streak could end anytime. He was right. …
A former Mississippi insurance agent will serve 10 years in prison for embezzling $117,863.74 from a customer and converting the money for his own use, Mississippi Attorney General Jim Hood announced last month. Charles Myrick Winstead, 54, an insurance agent …
A West Virginia judge has dismissed a lawsuit brought by coal company Murray Energy against HBO host John Oliver. A segment of Oliver’s Sunday show “Last Week Tonight” in June poked fun at Murray Energy CEO Robert Murray, who blames …
The Florida House’s version of legislation to combat the state’s opioid epidemic is headed to the floor. The bill, which passed the Health & Human Services Committee last week, would impose new restrictions on prescriptions. Most initial prescriptions would have …
Smart Choice has named Chris Reisdorf, formerly of All Risks, to lead the company’s efforts in North Carolina as State Director. A 25-year veteran of the insurance industry, Reisdorf has worked in a number of areas including marketing, sales, underwriting, …
PEMCO Insurance in Washington has added Curt Simonson to the carrier’s people and brand team as the department’s learning and development manager. Simonson’s responsibilities include managing employee training programs and leadership development strategies, with a focus on creating opportunities for …
Giant insurer Chubb has joined a list of companies that are halting business deals with the National Rifle Association (NRA). However, the insurer confirmed to Insurance Journal that the decision was made several months ago, before the latest mass shooting …
Shelters have been opened to assist people forced from their homes by flooding in the Midwest, as rivers swollen by heavy rain and melting snow continue to rise in Indiana, Michigan and other states. Flood warnings were in effect across …
