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Simultaneous reports were released from Willis, Lockton, and Fitch discussing pricing trends, underwriting results, and catastrophe impacts on the commercial insurance market. We help you make sense of it all by providing a summary of each inside.
American International Group Inc. could be on the hook for total claims of perhaps $800 million or more related to profits on real estate deals involving AIG’s Global Real Estate unit, according to a lawsuit that could come to trial in New York as early as this summer.
Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidates to replace CEO Warren Buffett.
Allstate Corp.’s 2011 first-quarter profit soared on half as much catastrophe-related losses compared to this time a year ago—and capital gains instead of losses.
Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.
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