Misconception No. 1: "We're not a target."

Berkshire Hathaway Inc. CEO Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way."

AmWINS Group Inc, the largest wholesale insurance broker in the United States by premiums placed, said it reached an agreement with private equity company New Mountain Capital for a $1.3 billion recapitalization.

Claims counts from severe weather in the Plains states last weekend are quickly piling up.

American International Groups recapitalization efforts have resulted in the insurance giant nearly halving its debt-and-preferred-to-total-capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010.

American International Groups recapitalization efforts have resulted in the insurance giant nearly halving its debt-and-preferred-to-total-capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010.

Chief executives and risk managers see eye-to-eye on necessary risk-professional skill sets, but gaps remain between how the two view the role of risk managers, a survey says.

The 108.2 combined ratio posted by the private property and casualty industry in the U.S. was the worst since 2001.