Berkshire Hathaway

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.

With the additional shares, Berkshire now owns around 3.4% of the Richmond-based specialty insurer, a stake that as of June 30 was worth over $605mn.

The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.

The Q2 deterioration in Geico’s underwriting performance was offset by improvements in its other divisions.

Danny Engell will serve as chief underwriting and analytics officer, succeeding Mark Barba who retired in June.

More than 98% of votes cast supported the acquisition.

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

The case is linked to losses associated with asbestos-related injuries and claims filed over two decades ago in Montana.

Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.

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