Insurers on Thursday were in meetings and traveling to areas hardest hit by another outbreak of tornadoes in the south that took property and life.

Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidate to replace chief executive Warren Buffett.

State Farm, Arkansas’ largest personal-lines insurer, says it has received more than 3,000 automobile claims and about 2,250 homeowners claims since April 19.

A Florida bill meant to restore Citizens Property Insurance Corp. as the state’s last-resort insurer has stalled in the Senate Banking Committee.

A Florida bill meant to restore Citizens Property Insurance Corp. as the state’s last-resort insurer has stalled in the Senate Banking Committee.

William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.

Insurers in Arkansas have yet to be able to get to some of the areas most affected by tornadoes and high winds on Monday.

First-quarter net income for Bermuda-based Arch Capital Ltd. dropped to $19.3 million from $210.5 million a year ago during the same time due to $178.7 million in catastrophe losses.