Chubb is Warren Buffett’s Berkshire Hathaway secret stock pick

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The … Read more

China’s Xi tells U.S. CEOs that bilateral relations can have a ‘brighter future’

China’s President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty Images BEIJING — Chinese President Xi Jinping told U.S. … Read more

Trump New York fraud bond cut to $175 million in appeal from $454 million

Former US President Donald Trump attends a hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on March 25, 2024.  Justin Lane | Afp | Getty Images A New York appeals court on Monday paused for 10 … Read more

Chubb ended Trump fraud bond talks after E. Jean Carroll appeal bond: court filing

Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former president’s civil fraud case, but the company backed out — days after it raised eyebrows for giving Trump a bond in a separate case, according to a Trump lawyer. Chubb was one of more than 30 … Read more

Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case

Evan Greenberg, president and chief executive officer of Chubb Ltd., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019.  Patrick T. Fallon | Bloomberg | Getty Images The CEO of the Chubb insurance company on Wednesday defended providing former President … Read more

What homeowners need to know as insurers leave high-risk climate areas

Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November … Read more