10 The number of states now reporting an international mail fraud scheme involving a bogus letter said to be from Nationwide Insurance. Residents in 10 states have received counterfeit checks bearing the Nationwide name. Each check has been issued in …
10 The number of states now reporting an international mail fraud scheme involving a bogus letter said to be from Nationwide Insurance. Residents in 10 states have received counterfeit checks bearing the Nationwide name. Each check has been issued in …
Verisk Analytics Inc., an insurance services firm that owns ISO and is partly owned by Warren Buffett’s Berkshire Hathaway, soared in its first day of trading Wednesday, and stirred hopes that the appetite for such offerings is warming. Shares of …
Insurance risk specialist Verisk Analytics Inc. raised $1.88 billion Tuesday in the biggest IPO by a U.S. company since March 2008 after pricing its shares at a higher-than-expected $22 each. The sale of the shares, which had been expected to …
A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books. U.S. District Judge Christopher Droney said his sentence of Richard Napier, who …
The first hurricane of the 2009 Atlantic season may end up skipping past the United States, leaving insurers to hope that the next ominous storm clouds will come ashore with a silver lining. Insurers can face billions of dollars in …
Warren Buffett’s Berkshire Hathaway Inc. posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets. Operating earnings for the second quarter nevertheless fell short of forecasts, reflecting lower …
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 …
Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss of 381 million Swiss …
IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion cash-and-stock deal, still to be approved by …
