News

Ajit Jain, long considered a top candidate to replace billionaire Warren Buffett as CEO of Berkshire Hathaway Inc., is expanding his oversight of the companys insurance operations.

Drivers will pay 59 cents a gallon less at the pump this summer than a year ago and $1.55 below 2014.

Judy Greffin, former CIO of Allstate, had her bonus cut in half before announcing her retirement from the largest publicly traded U.S. home and auto insurer.

Internet-connected and driverless cars could be targets for hackers so the auto industry must ensure vehicles have built-in cyber security protection, a top U.S. Justice Department official said.

Hartford Financial Services Group Inc. hired Ric Pena from Zurich Insurance Group AG as VP of a newly created energy practice in a push to expand operations under CEO Chris Swift.

The fifth annual Allianz Risk Barometer identifies the top corporate perils for 2016 and beyond, based on the responses of more than 800 risk experts more than 40 countries.