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Monday, May 06, 2013

Berkshire Reports A 51% Increase in Profit as Insurance Companies Perform Well, Investments Soar

Berkshire HathawayBerkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.

Warren Buffett's firm said Friday it earned $4.89 billion, or $2,977 per Class A share. That's up from last year's $3.25 billion net income, or $1,966 per ...

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West Fertilizer Insured for Only $1 Million, A Fraction of Estimated Losses

West Fertilizer explosionThe West Fertilizer Co., scene of an explosion last month that killed 15 people and injured 200, carried only $1 million in liability insurance.

The cause of the blast is still under investigation. Should the company be found negligent, that amount of coverage probably would pay onl...

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Oklahoma Insurance Groups Concerned Over Opt-Out Provision in Workers' Comp Reform Bill

Oklahoma Workers CompOklahoma Gov. Mary Fallin is expected to sign legislation reforming the state workers compensation system, after the state Senate passed a measure designed to save costs.

The l...

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Survey Shows Continuation of Trends in Better Managing Risks and Costs in Class Action Litigation

Class action suitsAcross industries and practice areas, class action lawsuits continue to affect companies, and corporate legal departments are devising better and more innovative matter management and cost control tools to combat them. According to the 2nd Annual Carlton Fields...

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XL Head of Multinational Casualty: Emerging Market Economic Expansion Means Rise in Litigation

Emerging risksAs the middle class grows in emerging markets like Brazil, so too does the incidence of litigation, according to Alfred Bergbauer, head of multinational casualty for XL Capital. He recently spoke with Best's News Service at the recent Risk and Insurance Management Society's annual conference in Los Angeles.<...

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The Hartford Expands Absence Management Suite to Help Employers Reduce Costs, Maximize Productivity

HartfordTo help employers better manage employee absence, The Hartford has expanded its absence management suite of products and services, including a new web reporting tool, a series of webinars, a digital educational resource, and a service that helps employers track and manage em...

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