A report from Standard & Poors says insured crop losses caused by the worst drought since 1988 could cost insurers and reinsurers more than $5 billion.

Automobile insurer Progressive went through a public relations nightmare this week after a blog written by the brother of a woman killed in a car wreck accused the insurer of defending her killer.

Berkshire Hathaway Inc. will terminate half of its bullish $16 billion bet on the credit quality of U.S. states, cities and towns, and has also cut its exposure to high yield corporate debt, it said in a regulatory filing this month.

Berkshire Hathaway Inc. terminated a large wager on the municipal-bond market five years early, the Wall Street Journal quoted a person familiar with the transaction as saying.

Thad DeBerry is excited about the future of insurance technology because of the many opportunities that exist.

Thad DeBerry is excited about the future of insurance technology because of the many opportunities that exist.

Second-quarter profit at Warren Buffetts Berkshire Hathaway Inc. fell about 9 percent on derivative losses, while limited catastrophe losses restored positive underwriting results in the conglomerates insurance operations.

LexisNexis Risk Solutions is integrating the LexisNexis Insurance Exchange into its commercial-insurance business. The combined organization will develop commercial-insurance solutions, using data, analytics and commercial workflow processes to create more effective and efficient commercial processes.