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In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.

A Nationwide survey suggests independent insurance agents are embracing artificial intelligence to enhance customer experience.

The rate hike, which will take effect from November, will impact about 350,000 policyholders across California.

Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.

The military-focused company, which operates an insurer and a $111.7 billion-asset bank, has tangled with regulators during Wayne Peacock's tenure. He will retire in the first half of 2025.

Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.

The E&S-focused company, started by three former AIG executives, faces allegations of misappropriating trade secrets and confidential information.

The Congressional Budget Office acknowledged limitations in its research of expected flood damage data.

The total insured wind and storm surge losses in Texas will be between $700 million and $1.5 billion, Corelogic estimates.

In the three years since the Surfside condo collapse, Fannie Mae and Freddie Mac have made policy changes intended to address safety concerns.

BlackRock Inc.'s private-debt business is exploring ways to tap the deep pockets of insurance companies that are increasingly looking to boost their allocations to the asset class.

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Tesla hires former GEICO exec to lead strategic insurance partnerships

A look at three digital strategies for overcoming challenges.

Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.

There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.

Climate-related disasters rank as just one of the leading factors.

Insurance companies applying AI to handle claims functions are seeing changes for both their staffs and policyholders.

Berkshire Hathaway Inc.'s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses.

Assured's controlling vote is "important to investors who were reassured to hear that there would be a large sophisticated party with a significant economic interest in the success of the project," the insurer said.