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Omaha, Neb.-based Berkshire Hathaway Inc. reported first-quarter net income decreased 64 percent primarily on losses from credit default swaps, but Berkshire Chairman Warren Buffett assured investors
Financial market turmoil translated into a 53 percent drop in first-quarter net income for Zurich-based reinsurer Swiss Re, but management said it believes the company's portfolio still has strong ear
This year's award recipients are Patrick Ryan, founder and executive chairman of Chicago-based Aon Corp.; Dominic D'Alessadro, of Canada, president and chief executive officer of Manulife Financial; a
For its insurance operations, Max Capital reported $201.4 million in net written premiums for the quarter, compared to $137 million in 2007. The company attributed the increase to new agriculture cove
Small companies are buying workers' compensation insurance coverage without understanding how the coverage works, what they get for their premiums, or why they continue coverage with a particular carr
WASHINGTON--The Government Accountability Office is advising Congress that adding wind damage coverage to the National Flood Insurance Program will basically require rebuilding NFIP from scratch, accor
The Hartford, Hartford, Conn., said it offers banks industry-tailored property and casualty insurance that includes bank-specific coverages such as mortgage protection and foreclosed properties as wel
Domenico del Re, senior model manager at Newark, Calif.-based Risk Management Solutions, said, "This event is a massive humanitarian disaster. However, it is a catastrophe that the international insur
Property Claim Services said it has declared both the April 28 Virginia tornado outbreak and the May 1 to May 2 twisters in in Kansas, Missouri, Oklahoma, Texas, Arkansas as an insurance catastrophe
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