Most read stories for the week include the U.S. Treasury Department convening an inter-agency task force on long-term care insurance and Square seeking more involvement in bitcoin.
Slim mention of GEICO in Buffett's letter after reserve-driven underwriting loss
Discussion of one of Berkshire Hathaway Inc.'s most prominent businesses was conspicuous by its virtual absence from Chairman and CEO Warren Buffett's annual letter to shareholders.
Treasury convening inter-agency task force on long-term care insurance
A recommendation tucked in a U.S. Treasury Department report last fall garnered little attention at the time, but could have big consequences for the long-term care insurance industry.
State Farm startup sets sights on renters market
HiRoad Assurance Co., the Rhode Island-focused subsidiary of State Farm Mutual Automobile Insurance Co. that introduced a direct-to-consumer auto insurance product in late 2017, is planning to expand into the renters market.
Square seeks more involvement in bitcoin
Square Inc. executives highlighted the company's interest in bitcoin and its plans to pursue involvement in the emerging technology.
Liberty Mutual CEO says recent life divestitures not a fire sale
Chairman, President and CEO David Long said recent deals were "proactive" on Liberty Mutual Holding Co. Inc.'s part as it sought to balance its portfolio by exiting from the life business and refocusing on property and casualty.
