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Berkshire Hathaway Inc. reported a 3.8% decline in first-quarter profit, as underwriting results declined at insurance businesses and on reduced earnings from Chairman Warren Buffetts derivatives wagers.

Rob Schimek, President and CEO of the Americas for AIG Property Casualty, talks about the carrier's expansion into Bermudas captive insurance market; the severity of Cyber risk; and AIG's consistently high rating among producers, among other subjects.

An insurance law firm is warning its clients that if they are not licensed to transact business in New York State, they should review their agents activities to ensure they are not engaging in prohibited insurance transactions in the state.

Industry representatives made their case to a Senate committee that "bank-centric" rules should not apply to federally regulated insurers, but others warned against providing a "wholesale carve-out" for insurers that could lead to systemically risky behavior.

Industry representatives made their case to a Senate committee that "bank-centric" rules should not apply to federally regulated insurers, but others warned against providing a "wholesale carve-out" for insurers that could lead to systemically risky behavior.

Top pros on both the P&C and Life sides convened in Times Square to network, discuss emerging global risks and opportunities and hear executive panelists weigh in on pressing issues facing the insurance industry during the 23rd Annual Insurance Executive Conference, sponsored by Ernst & Young LLP.

Directors and Officers liability insurance (D&O) is critical to absorbing their legal defense costs in civil and criminal trials and regulatory investigations.

Directors and Officers liability insurance (D&O) is critical to absorbing their legal defense costs in civil and criminal trials and regulatory investigations.