Erik Holm

Deputy Finance Editor, Dow Jones Newswires

About

Deputy finance editor and insurance reporter at Dow Jones Newswires. San Francisco Giants fan. Enchilada-maker. Amateur cat behaviorist.

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Berkshire reveals investment manager Weschler has personal stakes in DaVita, DirecTV & other stocks he bought for BRK on.wsj.com/1agMFWh

Berkshire’s Weschler Reveals Personal Stakes in DaVita, DirecTV

blogs.wsj.com — By Erik Holm and Joseph Walker Ted Weschler, one of the new portfolio managers at Berkshire Hathaway Inc., has personal holdings in companies he's invested in on Berkshire's behalf, regulatory filings show. Weschler's holdings pre-date his joining Berkshire, the massive conglomerate run by Warren Buffett, according to the filings.
Tornadoes, storms that struck U.S. this week caused up to $5B in insured losses, @EQECAT says. Bulk of loss in Moore on.wsj.com/10XUBY8

Storm-Related Insurance Losses Could Hit $5 Billion

online.wsj.com — Insured losses from the tornadoes and severe storms that struck a large swath of the U.S. this week could reach $5 billion, according to the disaster-modeling company Eqecat.
RT @ryanbeckwith: So there's an Anthony Weiner photo scandal and it involves a picture of Pittsburgh? I guess that's an improvement.
Former ISS employee got concert tickets, free meals for passing along confidential info on how clients were voting on.wsj.com/121MccJ

ISS Employee Leaked Votes for Concert Tickets, SEC Says

online.wsj.com — Institutional Shareholder Services, the proxy advisory firm, agreed to pay a $300,000 penalty to settle charges that an employee leaked confidential information on proxy votes for roughly five years.
ING U.S., soon to be called Voya, reports first earnings since IPO: net loss but improved operating earnings. on.wsj.com/10n3Qog $VOYA

ING U.S. Reports Smaller Loss

online.wsj.com — ING U.S., reporting its first results since its partial public offering earlier this month, said its first-quarter loss narrowed as the performance of its retirement and annuities segments improved.
Oklahoma insurance commish issues emergency declaration to allow out-of-state insurance appraisers to handle claims newsok.com/article/3828010

Insurers set up in areas of Oklahoma hit by tornadoes

newsok.com — Immediately contact your insurance agent or a company representative. * Inspect property and cars for damage. * Inventory the losses and photograph the damage. Save related receipts to assist with claims handling. * Secure property from further damage or theft. * Check the background and legitimacy of repair contactors.
More on PE firms buying up annuity blocks. They are "only buyers putting in serious bids" for them, bankers say. blogs.wsj.com/moneybeat/2013…

Investors Under Scrutiny Bought Annuity Businesses Others Shunned

blogs.wsj.com — An investigation by New York's top financial regulator into investment firms snapping up "fixed annuity" businesses comes amid a harsh reality: These firms are about the only buyers putting in serious bids for the growing number of annuity units up for sale, according to industry bankers and analysts.
ING US (soon to be known as Voya) up 5.9% today. @PalmerBTIG initiated coverage with a buy and called shares "highly undervalued." $VOYA
RT @WSJNY: Many New Jersey residents are resisting a $1 billion plan to shield shore-front towns from storms with towering dunes http://t.c…

Homeowners Draw a Line in the Sand Over Dunes

online.wsj.com — Many coastal New Jersey residents are resisting a $1 billion state plan to shield shore-front towns from storms with towering dunes and a mix of protective measures. As some cite fears the sand-replenishment projects would drag down their property values, about 1,800 landowners have declined to sign agreements to allow construction on their property, said Larry Ragonese, a spokesman for the state Department of Environmental Protection.
NY regulator Lawsky subpoenaes P-E firms to find out more about their interest in the buying up annuity companies online.wsj.com/article/SB1000…

Regulators Scrutinize Firms' Ties to Insurers

online.wsj.com — The New York Department of Financial Services on Sunday sent subpoenas to a handful of Wall Street investment firms about their entries into so-called fixed annuities.
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