E&S/Specialty

As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the mid-Atlantic and Northeastern states face dangerous winds and heavy rains that could trigger flooding in the coming days.

Ace CEO Evan Greenberg says the nations debt is choking the economy, and called on U.S. politicians to exhibit real leadership.

Berkshire Hathaway CEO Warren Buffett says the world's economic situation is volatile, but he remains positive.

Ace Ltd. says it reversed a third-quarter loss a year ago by turning a profit of $640 million during the same period this year, despite booking a $97 million after-tax loss in its crop insurance segment.

Ace Ltd. says it reversed a third-quarter loss a year ago by turning a profit of $640 million during the same period this year, despite booking a $97 million after-tax loss in its crop insurance segment.

William R. Berkley says reserve deficiencies are driving the need for the marketplace to increase rates, but the abilities of some companies to take corrective actions will lessen.