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As of February 14, the company received 405 claims. -
The London D&F market will shoulder most of the losses.
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Underwriting profits for casualty-exposed insurers show signs of struggle as loss costs worsen.
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Under the new guidelines, the carrier is requiring more distance from the brush.
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Workers' comp continued to offset GL adverse development, but the bucket is running dry.
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The estimate is based on industry losses in the range of $35bn-$45bn.
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The US sports disability market has been dubbed the “problem child” due to its volatility.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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Frequency has rebounded, while severity has spiked beyond the pre-Covid-19 years.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.
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A quick roundup of our best journalism for the week.
