News

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake at up to $2 billion.

ASCnet (Applied Systems Client Network) said it plans to relocate its headquarters by the end of this year after it has found a permanent chief executive officer.

Warren E. Buffett, chairman and chief executive officer of Berkshire Hathaway told investors that he goofed and should have listened to the management of GEICO when the company introduced its own credit card.

Reacting to American International Group's agreement to sell its Asian life unit to Prudential, LLC for $35.5 billion, Moody's Investors Service affirmed ratings of two entities and Standard & Poor's placed one on ratings watch.

Liberty Mutual Group reported 2009 fourth-quarter net income of $456 million, a 2 percent increase from $447 million recorded for the period in 2008 and it noted increases in net written premiums and strong core business performance.

The Institute for Business & Home Safety has warned that parts of the United States are vulnerable to earthquakes and urged action on creating stronger building codes.