A national insurance company, based in Chevy Chase, Md., was recognized as one of the 2012 Best Places to Work in Virginia by the Virginia Business and Best Companies Group.

Standard & Poor’s Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its lowering of the U.S.’s credit rating last week.

Sun Life Financial said its Sun Life Assurance Co. of Canada is selling its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska.

A Washington State woman lost her insurance license and promised not to work in the industry again after Oregon regulators determined she collected $135,225 worth of business insurance premium payments for policies she never wrote.

The economy took its toll on the individual disability insurance market last year, according to a new survey from JHA.

Seaworthy Insurance Co., a division of Berkshire Hathaway, recently saw its ratings shift out of the “under review” status.

A New York Supreme Court justice has called the state’s case against former American International Group executive Maurice “Hank” Greenberg, alleging fraud over a reinsurance transaction, both “devastating” and “strong.”

A unit of Berkshire Hathaway has struck a $1.3 billion deal with Swiss Re for a block of the company’s individual life reinsurance business where it will receive premiums, but also be liable for up to $1.5 billion in claims.

A new app for the iPhone allows GEICO customers and others a number of features at the touch of a button.

Thirty-six years ago, John Zinno joined GEICO as a management trainee and now he is running the company’s personal lines insurance agency.