Posts Tagged ‘insurance’
NEW YORK (CNNMoney) — The severe storms that carved a path of destruction across large swaths of the American South this week caused an estimated $2 billion to $5 billion in insured losses, catastrophe modeling firm Eqecat said Friday.
Eqecat said the 2011 tornado season is just getting underway and is already setting damage records. The [...]
(MONEY Magazine) — If you have long-term-care insurance, get ready for sticker shock.
John Hancock wants to hike premiums for the bulk of its customers by an average of 40% this year; Genworth Financial (GNW, Fortune 500) is asking for an 18% increase on some policies; and other insurers are expected to follow. Meanwhile, MetLife [...]
NEW YORK (CNNMoney) — Berkshire Hathaway moved to expand its underwriting of the oil and gas industry Wednesday as part of a new agreement with Willis Group Holdings.
Willis (WSH), a global insurance broker, announced the move Wednesday. Under the terms, Berkshire (BRKA, Fortune 500) will provide coverage up to $250 million on new policies.
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Berkshire has [...]
(MONEY Magazine) — 1. Loyalty is overrated
Many insurers have been raising rates to make up for losses they suffered during the financial crisis, industry experts say. At the same time, insurers are competing hard for new customers, which means some of them are cutting better deals for new policy holders than for existing ones, says [...]
