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Insurance industry

Warren Buffett worried about ‘huge losses’ in booming insurance market

by Edgar Davis
Warren Buffett worried about ‘huge losses’ in booming insurance market

One of the messages that Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, sent to investors during the company’s recent annual shareholder meeting in Omaha was that cyber …

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AIA eyes more property assets in mainland China to house operations as insurance business charts strong growth

by Anas Siddiqui
AIA eyes more property assets in mainland China to house operations as insurance business charts strong growth

AIA Group, Asia’s biggest publicly traded insurer, is looking to own more properties in mainland China to consolidate its operations, picking an opportune time when a two-year slump has rendered …

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Chubb is Warren Buffett’s Berkshire Hathaway secret stock pick

by Walter Watson
Chubb is Warren Buffett’s Berkshire Hathaway secret stock pick

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory …

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Why car insurance rates are increasing in the U.S.

by Horatio Thompson
Why car insurance rates are increasing in the U.S.

Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, …

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Wegovy heart health approval won’t mean broad insurance coverage yet

by Akin Smith
Wegovy heart health approval won’t mean broad insurance coverage yet

Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in …

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Wegovy heart health approval won’t mean broad insurance coverage yet

by Akin Smith
Wegovy heart health approval won’t mean broad insurance coverage yet

Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in …

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The insurance market sees money in your climate change travel anxiety

by Franz Hernandez
The insurance market sees money in your climate change travel anxiety

Tourists wait in the airport during wildfire evacuations on the Greek island of Rhodes on July 23, 2023. Will Vassilopoulos | Afp | Getty Images Insurance models are being upended …

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Cat bonds offer high yields for taking on hurricane, disaster risks

by Walter Watson
Cat bonds offer high yields for taking on hurricane, disaster risks

The soaring costs of extreme weather are providing an opportunity for investors to grab yields north of 13%. Hurricane Lee is just the latest in what is expected to be …

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Insurers face long road, high coverage cost

by Akin Smith
Insurers face long road, high coverage cost

A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023.  Jim Vondruska | Reuters Novo Nordisk‘s …

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Few patients continue Wegovy after a year

by Anas Siddiqui
Few patients continue Wegovy after a year

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters Only around one-third …

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