Berkshire Hathaway insurance expands commercial offerings into the Middle East

Warren Buffett Berkshire Hathaway insurance business

Warren Buffet’s company has announced its intentions to establish a new office in Dubai. Berkshire Hathaway insurance business is headed for expansion into the lucrative Middle East market. It will be opening a new office in Dubai in order to manage the operations of its commercial products there. Berkshire Hathaway Specialty Insurance (BHSI) released an official statement regarding the decision. The new Berkshire Hathaway insurance office is located in the Dubai International Finance Center (DIFC) and will finally be able to open. The office had been awaiting approval from regulators…

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Paramedic insurance coverage is broadening its importance in the United States

Business paramedic insurance

Experts predict that this type of policy will becoming increasingly necessary, particularly for disaster scenarios. Paramedic insurance coverage is a growing industry and experts predict that this growth will only continue to head upward. This includes in cases of U.S. disasters. In fact, the extreme weather events have been among the driving forces in insurance policies for paramedics. The many different extreme weather events and natural disasters in the United States this year have led to a rising interest in paramedic insurance. That type of coverage has already seen growth…

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Insurance company Brexit takes Liberty Specialty Markets out of London

Insurance company brexit strategy

The specialty insurer announced the city that will become its new home after the U.K. splits from the E.U. The insurance company Brexit strategy announcements have begun, and among the latest is the new Liberty Specialty Markets headquarters. The specialty insurance company has been seeking a new home following the British exit from the European Union and recently made its decision. The company announced that it will be remaining in London for now but will leave as Brexit occurs. The insurance company Brexit move has launched an effort to move…

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Berkshire Hathaway Specialty Insurance makes two critical appointments in Asia

berkshire hathaway specialty insurance industry

The company has now announced its hiring for two key underwriting team leadership positions in that market. Berkshire Hathaway Specialty Insurance (BHSI) has now announced that it has made two important appointments for the leadership positions in its Asian underwriting team, as the Asia regional head of first party lines position was filled by Malin Fredriksson, and the Asia regional head of engineering and construction is now Kiran Prakash. Both of those positions are located in Singapore and will be integral to the company’s presence there. Fredriksson has joined Berkshire…

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US regulator task force to target cyber insurance

cybersecurity insurance

Cyber insurance will be the focus of a new task force launched by the National Association of Insurance Commissioners The National Association of Insurance Commissioners has created a new task force that will be focused on cyber security. The task force is meant to increase consumer protection, introducing new regulations that target the insurance industry. Insurers collect valuable information from their customers, but new risks are emerging in the digital world that put this information in danger of theft and exploitation. The new task force could help foster further innovation…

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Insurance industry now equipped to deal with celebrities

AIG Insurance Industry Marketing

Celebrity behavior could cause endorsement deals to collapse, but the insurance industry is prepared Celebrities can be a costly investment. The behavior of celebrities is often headline-worthy news, as these people can often be very eccentric and unbridled. This can cause trouble for brands that endorse these celebrities, however, and the behavior of celebrities can cause unexpected damage to a company that supports them. Such was the case with Michael Phelps, the most decorated Olympian of all time, when his antics caused his endorsement deals with several companies to collapse.…

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New insurance industry group could be good for Indiana

Indiana insurance industry

Insurers team with education and economic organizations to form new industry group Specialty insurance companies in Indiana have partnered with education and economic organizations to form Northeast Indiana Specialty Insurers (NISI). The new organization aims to promote talent development, marketing, and advocate new opportunities within the regional insurance industry. The group was formed because of the high concentration of insurance workers in the region. This high concentration can make it difficult for individuals and organizations to take advantage of new opportunities, and some may lack the skills or experience needed…

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The insurance industry in Japan offers unique Valentine’s Day coverage

Insurance agents industry valentine's day

This product is available for consumers in the country who want to make certain that they’re covered on the day. In Japan, the insurance industry is helping people to lower their risk of coming up empty handed on Valentine’s Day, with a new policy that is designed to ensure that policyholders always have something to receive on the most romantic day of the year. Consumers who purchase this policy will never find themselves without a box of chocolates. This unique addition to the insurance industry in Japan is designed to…

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Law firms battle wave of suits with insurance coverage

Though it was once quite rare for a large law firm to face a lawsuit of its own, the frequency of claims being aimed directly at lawyers is rapidly increasing, and the firms are now boosting their insurance coverage to help to protect themselves against costly liability claims. According to legal experts, suing lawyers and their firms got started in the 1980s. This was also especially the case among the law firms that represented collapsed financial institutions in the Savings & Loan crisis, who were targets for FDIC litigation. Today,…

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Space travel insurance policy available from Allianz in 2012

In an effort to be the first in the industry to take advantage of the upcoming wave of “ordinary astronauts” who will be taking the first commercial trips into space next year, the German insurance giant, Allianz, has announced that in 2012 it will begin selling space travel insurance policies. The sale of these policies will align with the launch of the spaceflight company called Virgin Galactic, owned by Virgin Group’s Richard Branson. There have already been approximately 450 people who have made seat reservations with Virgin Galactic for its…

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