Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is “one of the last bastions of …
Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with liability issues that may not be covered by their professional …
Hartford Financial Services Group Inc. is working with JPMorgan Chase & Co. to see if the insurer can find a buyer for Talcott Resolution, the unit that includes U.S. variable annuities, according to people familiar with the matter. Apollo Global …
New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal scheme to steal workers’ compensation premiums. A complaint against Berkshire Hathaway was filed with the state supreme court in Manhattan …
It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …
Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company to a stock insurer. The insurer is …
Update: The California Department of Insurance originally issued a cease and desist notice, not an order as is reported below. Due to wording in a press release issued from CDI, several news outlets reported an order was issued. A CDI …
Geico said it plans to hire more than 100 new associates in its Buffalo, New York, office for additional positions in claims, sales and service. Geico, the largest auto insurer in New York State, said its policyholder base continues to …
In 2016, it’s easier than ever to play the financial markets. From the explosion of online brokers to the rise of robo-advisors, armchair investors have dozens of tools just a few clicks or taps away. Daily trading is a snap. …
HomeServices of America Inc., a Berkshire Hathaway affiliate, has acquired Minnesota-based PCG Agencies Inc., a large independent personal insurance agency. Terms were not disclosed. Headquartered in St. Paul, PCG offers a broad spectrum of personal property and casualty insurance products …
