Warren Buffett used his annual letter to heap praise on the long-time CEO of Berkshire Hathaway's Geico insurance unit.

California's destructive wildfires are raising the specter of higher insurance premiums for homeowners in the state.

Michel Khalaf, who takes over on May 1, is currently president of the company's U.S. and Europe, Middle East and Africa businesses.

Shares dropped 11% this month, erasing about $3 billion from the car and home-insurance giant's market capitalization.

AIG CEO Brian Duperreault has been revamping management as he seeks to boost confidence in the insurer.

PG&E's $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the Camp Fire.

The insurers are deploying teams of specialists and former firefighters to spray retardants on homes.

Berkshire Hathaway's insurers dodged the worst of losses caused by Hurricane Florence as they rebound from a rough 2017.