For one quarter at least, Warren Buffett may look like the Oracle of Omaha again. Berkshire Hathaway Inc., Buffett’s insurance and investment company, may end six straight quarters of lower net earnings, including its first quarterly loss since 2001, when …
In the eastern Pacific, Hurricane Felicia is moving towards Hawaii. As of the National Hurricane Center’s 11:00 EST advisory on Thursday, Hurricane Felicia — currently at category 4 strength — is in the Eastern Pacific 1545 miles southeast of Hilo, …
The New York State Insurance Department recently signed an agreement with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
The New York State Insurance Department has signed a cooperation agreement with regulators in China calling for closer cooperation between the two agencies in overseeing insurance issues. Acting Superintendent Kermitt Brooks and Jiang Bo, deputy director general of the International …
The U.S. government launched a $1 billion cash incentive program on Friday to stimulate auto sales by getting consumers to part with gas guzzling cars and trucks and buy more fuel efficient vehicles. The program, which offers up to $4,500, …
The New York State Insurance Department signed an agreement yesterday with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
Most of Japan’s 300,000 Agencies Are Small, But They Are Dreaming Big ‘I’-Like The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the United States …
Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes …
A.M. Best Co. has upgraded the financial strength rating to ‘B++’ (Good) from ‘B+’ (Good) and the issuer credit rating to “bbb” from “bbb-” of Guam-based Pacific Indemnity Insurance Company (PI), and has revised the outlook to stable from positive. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI). Best also affirmed the FSR of ‘A+’ (Superior) and assigned an ICR …
