I ran into an old neighbor at the hardware store last weekend and he told me that his sonabout to begin his second year at Purdue Universityhas given up his plans to be an engineer and instead will focus on a double major in math and computer science.

With numerous caveats, the Florida Office of Insurance Regulation released the findings of an independent study of a no-fault reform bill passed this year.

AIG officials are looking favorably at federal oversight as they say they are preparing for regulation by the Federal Reserve Board in addition to state regulation.

Second-quarter profit at Warren Buffetts Berkshire Hathaway Inc. fell about 9 percent on derivative losses, while insignificant catastrophe losses restored positive underwriting result in the conglomerates insurance operations.