Berkshire Hathaway

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The personal auto giant still grappled with increased claims severities driven by cost inflation in property and physical damage claims.

The Massachusetts Bay Transportation Authority claims the firms failed to act over the bankruptcy of LMH-Lane Cabot Yard Joint Venture.

The completion of the deal comes after last week the companies received all regulatory approvals.

Berkshire Hathaway and Alleghany have received regulatory approvals to close the $11.6bn deal announced earlier this year.

Inside P&C’s news team runs you through the key highlights of the week.

Fidelis and MS Reinsurance are among the ceding companies that have support from Ajit Jain’s unit.

Auto insurers look set to generate a larger share of losses than with most US wind events.

Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.

If current forecasts prove accurate, this will be a pivotal moment for the already off-balance Florida cohort and could result in a new market landscape.

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.