Berkshire Hathaway posted sharply higher operating profits for the second quarter of 2010 thanks to strength in the insurance operations and major improvements in the company's diverse collection of economically sensitive subsidiaries. However, quarterly net earnings declined to $1.97 billion ...

The process of estimating the ultimate losses resulting from an insurance company’s business is one of the most important tasks facing management. Many types of policies expose an insurer to liabilities over a very long period of time where the ...

General Re, a Berkshire Hathaway subsidiary, has reached a $92 million settlement with the federal government which will allow the firm to avoid prosecution for its role in an accounting fraud involving AIG. The Wall Street Journal reports that the ...