Commercial Lines

Warren Buffetts Berkshire Hathaway more than doubled first-quarter net income as its insurance businesses turned in a net-underwriting profit of $54 million compared to a loss of $821 million a year ago.

The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth.

The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth.

In this weekly segment, we bring you the top stories from PropertyCasualty360.com for the week. Click to see the top stories for the week of April 30, 2012.

Insurance technology solution provider Ebix has joined with veterinary-hospital information management system CurePet to deploy the first cloud-based Pet Insurance Exchange.

Insurance technology solution provider Ebix has joined with veterinary-hospital information management system CurePet to deploy the first cloud-based Pet Insurance Exchange.