Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has donated another roughly $2.86 billion of his holdings in the company’s stock to the Bill & Melinda Gates Foundation and four family charities, as part of his plan to give …
U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015—a 26.6 percent decline—and their annualized quarterly yield on investments drop to 2.9 percent—the lowest this century—from 3.1 percent …
Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming findings suggest that …
A construction company convicted in the death of a worker in a New York trench collapse has been sentenced to fund a series of worker safety public service announcements. But an attorney for Harco Construction LLC told a judge Wednesday …
Escalating a political fight over global warming, a Republican House chairman issued subpoenas this week to two Democratic state attorneys general, seeking records about their investigation into whether Exxon Mobil misled investors about man-made climate change. Texas Rep. Lamar Smith, …
If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being adopted …
XS Brokers, one of the largest independent insurance wholesale brokerages in New England, is opening a new office in the greater Philadelphia area and has hired Alan Dudkiewicz to lead the firm’s efforts in the Pennsylvania-New Jersey-Delaware-New York region. Dudkiewicz …
Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn’t want to hear about it and had “a football season to …
General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a federal appeals court ruled on Wednesday. …
Presque Isle, Maine-based regional insurer MMG Insurance Co. has promoted John Herweh to vice president and director of Human Resources. Herweh replaces Lynn Lombard, who retired on July 1, 2016 after a 45-year career with the company. Herweh brings 20 …