Few 77-year-olds could hold thousands of people in rapt attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps. Warren Buffett? Definitely. Buffett will be the center of attention on Saturday (May 3) at the annual shareholder meeting for Berkshire …
Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based AEGON N.V. and its core subsidiaries to negative from stable. Concurrently S&P affirmed its ‘A+/A-1’ counterparty credit rating on AEGON N.V. and its ‘AA’ long-term counterparty credit and insurer …
The Professional Insurance Agents Association of Ohio, Inc. (PIA) held a symposium on Wednesday, April 30 to gather academic, insurance industry and government leaders from around the state to discuss retaining professional talent for Ohio’s insurance industry. Attending leaders included …
California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report by the Insurance Information Network of California. In 2004, …
Warren Buffett, the world’s richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. Buffett made his comments on CNBC television after his Berkshire Hathaway Inc. agreed to invest …
Loews Corp. posted an unexpected drop in first-quarter profit Monday, hurt by disappointing results from its CNA Financial Corp. insurance unit. In Monday afternoon trading, shares of Loews were down $2.07, or 4.6 percent, at $42.56, while CNA slid $2.90, …
The ratings of Liberty Mutual Insurance Cos. and its members remain unchanged following yesterday’s announcement that Liberty Mutual Group Inc. (LMGI), through its operating subsidiaries, will be acquiring Safeco Corp., according to A.M. Best Cos. The outlook for Liberty Mutual …
Marsh, Berry & Company Inc. has released an overview of the state of the insurance distribution system for 2008 and beyond. This research report documents historical and projected insurance agency/broker value, merger & acquisition activity, and organic growth best practices …
Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes are in place that could trigger a serious economic chain reaction. Roger Gibson, …
Insurance agents across New England and the Mid-Atlantic are worried about how their customers and they will fare as the region’s economy continues to slow. “An agent’s business is a direct reflection of his clients’ business, so if clients are …
