July 14, 2008
It’s a bear market for Warren Buffett’s Berkshire Hathaway Inc., too. The shares of the billionaire’s insurance and investment company have dropped more than 20 percent from their most recent peak, the first time that has happened since February 2003. …
July 11, 2008
Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates. However, property/casualty writers that are geographically concentrated in the affected states, especially those …
July 10, 2008
The U.S. agriculture secretary expressed confidence in the nation’s food safety system, but said the meat processing industry will always face challenges because the bacteria that animals carry evolves. “I don’t think we’ll ever see a totally bacteria-free environment in …
July 10, 2008
New estimates say a fierce storm late last month that brought wind gusts higher than 115 mph to the Omaha, Nebraska area left nearly $13 million in damage in its wake. The Nebraska Emergency Management Agency says the June 27 …
July 7, 2008
Dying of cancer, Thomas Amschwand did everything he was told to make sure his wife would collect on the life insurance policy he had through his employer. “He was obsessed with dotting every ‘i’ and crossing every ‘t’,” Texas native …
July 7, 2008
Nebraska Beef Ltd. is expanding a recall announced on July 1 to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26. Federal investigators have linked Nebraska Beef’s products to an outbreak …
July 2, 2008
With the thought of hamburgers sizzling on the grill for the July 4 holiday, recalled beef is not a welcome message. But the reality is that Nebraska Beef Ltd. is recalling nearly 532,000 pounds of ground beef produced in the …
July 2, 2008
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Darwin Group and its members under review with positive implications. Best also said the FSR of ‘A- (Excellent) and …
June 30, 2008
A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million for the opportunity in a charity auction, more than three times what the lunch fetched last year. Zhao Danyang, who runs Hong …
June 26, 2008
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S., Virgin Islands. The outlook for both ratings is stable. “These …