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 candidate to replace chief executive Warren Buffett.

Florida’s massive property bill SB 408 was taken up on the Senate floor for a second reading today, garnering yet more amendments on its way to a third and final reading.

American International Group Inc. could be on the hook for total claims of perhaps $800 million or more involving 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.

New Jersey Manufacturers Group was the largest insurer in the state to receive zero valid complaints, according to a report by the state’s insurance department.

State Farm, Arkansas’ largest personal-lines insurer, says it has received more than 3,000 automobile claims and about 2,250 homeowners claims since April 19.

Arthur J. Gallagher & Co. says net income dropped 48 percent for the 2011 first quarter, but the firm’s CEO is upbeat, noting signs of improvement for the coming year.

A Chinese drywall supplier's insurers have agreed to pay up to $8 million to settle court claims against the company over damage to homes from the corrosive product, according to a proposed settlement filed Tuesday.

Ample capacity remains for new business in the insurance marketplace, but catastrophe losses are beginning to strain rates and increases are likely in some sectors, according to a report released by Marsh.