News

A Delaware judge dismissed a shareholder lawsuit alleging that billionaire Warren Buffett and directors of Berkshire Hathaway Inc. failed to take proper action in response to stock trades by a former Berkshire executive ahead of the company's $9 billion acquisition of chemical manufacturer Lubrizol.

A Delaware judge dismissed a shareholder lawsuit alleging that billionaire Warren Buffett and directors of Berkshire Hathaway Inc. failed to take proper action in response to stock trades by a former Berkshire executive ahead of the company's $9 billion acquisition of chemical manufacturer Lubrizol.

Taking advantage of the precarious position of guaranty insurers, Goldman Sachs appears to be aiming at entering that marketplace on the heels of acquiring Ariel Reinsurance earlier this month.

Taking advantage of the precarious position of guaranty insurers, Goldman Sachs appears to be aiming at entering that marketplace on the heels of acquiring Ariel Reinsurance earlier this month.

An Alabama representative is proposing to offer a $2.5 million incentive to insurers that remove wind risks from the states assigned-risk pool.

Although 2012 tornado activity is well above the year-to-date average for 2005-2011, Standard & Poors says the insurance and reinsurance industries should be able to sustain the losses.