Berkshire Hathaway estimates $3.4bn Ian loss, Geico CoR worsens 4.7 points to 107.7% in Q3
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Berkshire Hathaway estimates $3.4bn Ian loss, Geico CoR worsens 4.7 points to 107.7% in Q3

Farhin Lilywala
November 05, 2022
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Berkshire Hathaway has recorded estimated pre-tax losses of $3.4bn from Hurricane Ian in the third quarter of 2022, compared to $2.2bn from Hurricane Ida and European floods in the third quarter of 2021.

In tandem, Geico's combined ratio increased 4.7 points to 107.7%, as the personal auto giant still grapples with increased claims severities driven by cost inflation in property and physical damage claims.

The

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Farhin Lilywala
Section Editor, Distribution & Specialty
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