September 26, 2011
Warren Buffett’s conglomerate Berkshire Hathaway said it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints that the stock was undervalued. Berkshire said it would buy back Class A and …
September 26, 2011
The U.S. Chemical Safety Board, releasing a video depicting a deadly chemical leak at a DuPont plant in Belle, West Virginia last year, said the final investigation report should remind every manufacturer to make safety a priority. The report formalizes …
September 26, 2011
Bedbugs don’t make people sick. But the poisons used to kill them can. A new government study has found that dozens of Americans have fallen ill from the insecticides, and a North Carolina woman died after using 18 cans of …
September 26, 2011
Former president and co-founder of title insurance agency Liberty Title, Brian Madden, has been sentenced to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two other agencies he controlled and operated …
September 26, 2011
An insurance company has persuaded the Michigan Supreme Court to decide whether the insurer must pay the medical bills of a man who was drunk and had no license when he crashed his father’s car into a tree. Farm Bureau …
September 26, 2011
State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes — damage to cars, homes and other property so far this year — the largest U.S. insurer of homes and cars said Sunday. That payout has been …
September 26, 2011
The London-based operations of XL Group plc and Willis Limited, the principal UK broking company of global insurance broker Willis Group Holdings plc, announced the successful launch of a “full electronic accounting process between the two companies, using the new …
September 26, 2011
Ryan Specialty Group, LLC (RSG) announced that it has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited, “which currently operates two active Syndicates at Lloyd’s, a managing agency and specialist underwriting distribution and insurance service businesses.” RSG …
September 26, 2011
After rejecting offers from both Allied World Assurance and Berkshire Hathaway’s National Indemnity, Transatlantic Holdings has opened the door to another formerly rejected suitor, Validus Holdings, Ltd. The two companies have entered into a confidentiality agreement with, which paves the …
September 26, 2011
France’s AXA Group announced that it has successfully completed the sale of its Canadian operations in Property & Casualty and Life & Savings insurance to Intact Financial Corporation for a total cash consideration of C$2.6 billion (€1.9 billion; US$2.524 billion). …