economy News

Insurance, Economy, Tariffs Weigh on Berkshire Hathaway

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett. Berkshire’s auto insurer Geico suffered …

Farm Deluge Starts to Seep Into America’s Fragile Rural Economy

From 100 feet up in the air, Indiana crop duster Robert Sneberger gets a better view than most of how cornfields are faring. This season, the picture is bleak. Instead of the stretching green stalks he normally sees at this …

Insurance Industry Leaders Believe Ongoing Budget Battles Will Harm U.S. Economy

Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have an effect on the U.S. economy, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …

Report: Police in Illinois Stop Fewer People

The number of traffic stops across Illinois has dropped by nearly 6 percent and the number of ticketed motorists has dipped about 11 percent, according to a published report Sunday. The Chicago Tribune analyzed state data on traffic tickets from …

Report: SoCal Quake Would Rattle Economy

A new study says a big Southern California earthquake would rattle the region’s economy as well as its buildings. The U.S. Bureau of Labor Statistics says a magnitude-7.8 quake would affect hundreds of thousands of businesses and millions of workers …