Personal Lines

Berkshire Hathaway is shuttering its online distribution business in India two years after it began offering non-life products as a corporate agent of one of Indias major insurance providers.

For an insurance segment highly coveted by producers and major carriers alike, the high net worth insurance business can often lack one major asset: an abundance of clients. Many wealthy Americans may be unaware that a specialty insurance market geared toward their unique exposures exists, executives say.

Firefighters on Thursday held back a wildfire in the mountains of Southern California that forced the evacuation of the resort community of Idyllwild after flames engulfed seven homes and numerous other buildings.

Congress is currently deflecting intense pressure to roll back virtually all the increases in flood insurance premiums imposed by a 2012 National Flood Insurance Program reauthorization law that won strong support when it was enacted.

From Maine to Oregon, local floodplain managers say FEMAs recent flood maps which dictate the premiums that 5.5 million Americans pay for flood insurance have often been built using outdated, inaccurate data.

A former Allstate agent in Minnesota has filed a lawsuit against the insurer, alleging it violated state law when it terminated him for failing to meet life insurance quotas.