Personal Lines

Berkshire Hathaway has hired a second hedge fund manager to help run the company's investment portfolio and prepare for what it described as the eventual retirement of 81-year-old billionaire Warren Buffett.

Mayor Michael Bloombergs handling of Hurricane Irene has boosted his overall approval rating to 54 percent, up from 45 percent on July 27, according to a survey released today by Quinnipiac University.

An insured can experience a catastrophic loss due to mechanical failure if, at time of loss, the proper coverage, including loss of income, is not in place, Carmen Suarez, underwriting manager for Preferred Property Program, a subsidiary of JGS Insurance.

Moodys Rating Service says blazes in Texas will have a negative impact on insurers third quarter results when combined with other losses theyve experienced during the third quarter.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.

The Thursday decision of the Senate Banking Committee to support the idea of splitting the difference on the wind-v-water issue is setting off a fierce, albeit behind-the-scenes, lobbying campaign within the insurance industry.