STAMFORD, Conn.—Berkshire Hathaway Inc. has drastically reduced its property catastrophe reinsurance capacity because of concerns that large losses could lead to liquidity problems or put more pressure on its ratings, sources say. ...

NEW YORK—Former American International Group Inc. chief Maurice R. Greenberg was grilled on the witness stand for seven days over the past two weeks in a dispute over the ownership of a large block of AIG shares controlled by Mr. Greenberg's Starr International Co. Inc. ...

LONDON—Willis Group Holdings Ltd.'s decision to try to sell part of its stake in Gras Savoye & Cie could help the brokerage avoid a potential liquidity issue should it be obligated under its agreement to purchase the remaining shares in the Paris-based brokerage, analysts say. ...

WASHINGTON—Supporters of wide-ranging insurance regulatory reform have cause for hope and concern as Congress prepares to consider the Obama administration's plan to overhaul regulation of the financial services industry. ...

WASHINGTON—Congressional progress in drafting health care reform legislation has been much slower than top lawmakers predicted, but the pace of activity soon could pick up. ...

Benefit departments seeking to cut costs are looking within, and many are auditing their health care costs with hopes of finding immediate savings. ...

While employers are beginning to grasp the savings resulting from health care audits, they are trying to get a handle on their involvement in the auditing process. ...

As companies hurt by the recession turn to benefit and workforce cuts, experts say communicating harsh changes must be dealt with delicately and informatively to avoid hurting employee morale. ...

NEW JOB TITLE: President of IMA of Colorado, a Denver unit of Wichita, Kan.-based IMA Financial Group Inc. ... More