Insurance
Buffett’s Berkshire Posts Record Profit on Insurance, Investments
Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses. Much of that income came …
Read More LA Mayor Removes Fire Chief in Fallout From Palisades Blaze
Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades wildfire. Bass appointed former LAFD Chief Deputy Ronnie Villanueva, a 41-year LAFD veteran, as interim chief while the city launches …
Read More S securities regulator to drop lawsuit against Coinbase, firm says
Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector. The Securities and Exchange Commission has …
Read More Ohio Ex-Police Officer Sentenced for Starting 26 Arson Fires in Wayne National Forest
A former Ohio fire department administrator and police officer was sentenced in federal court here to 18 months in prison for starting dozens of arson fires in Wayne National Forest. James A. Bartels, 52, of Rio Grande, Ohio, started 26 …
Read More People Moves: People Moves: Brown & Riding appoints Conyers, Jr. Energy Practice Leader
Brown & Riding, headquartered in Dallas, appointed Robert Conyers, Jr., as energy practice leader. Conyers joined Brown & Riding in 2017 and became a principal in 2023. As energy practice leader, he will focus on developing and growing talent within …
Read More People Moves: Alliant Hires Leadley, Pelletiere and Rhatigano as Commercial Surety VPs
Alliant Insurance Services, headquartered in Irvine, California, hired Jeff Leadley, Glenn Pelletiere and Tom Rhatigan as senior vice presidents in Alliant Specialty, within the company’s national commercial surety practice. The commercial surety industry leaders specialize in developing and managing large, …
Read More Hawaii’s Kilauea Again Spewing Lava in Its 10th Episode
Kilauea volcano began shooting lava into the air once again on the Big Island of Hawaii. Kilauea, one of the world’s most active volcanoes, has been erupting on and off for nearly two months since it burst to life on …
Read More AM Best: US P/C Industry Improves Despite 2024 Underwriting Loss
The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection. A report from industry rating agency AM Best this week said U.S. P/C insurers posted an underwriting loss …
Read More Birkenstock Sandals Are Pieces of Design and Not Protected by Copyright: German Court
Birkenstock sandals, which have evolved from a symbol of counterculture to a trendy fashion item, do not qualify as art and are therefore not protected by copyright, Germany’s highest civil court ruled on Thursday. The Federal Court of Justice dismissed …
Read More People Moves: Price Forbes Rebrands Turkey Operations, Making 3 Key Appointments
Price Forbes, the London-based broker, has announced three key appointments in Turkey and a rebranding of its local business. Gökçen Süer has been named chairman & CEO of Price Forbes Turkey while Ali Arısoy was appointed chief broking officer and …
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