Berkshire Hathaways first-quarter profit climbed 9.8% as lower fuel prices helped the railroad business, and investment income improved because of Buffetts wager on Burger King.
Ace CEO Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win business.
Insurers doing business in N.Y. must tell a regulator there about efforts to prevent computer hacking, detailing the precautions taken and the personnel devoted to the task.