Personal auto
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Insurers have termed the Democrat-backed legislation “flawed”. -
One measure could give regulators greater leeway to deny rate requests.
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The company seeks the full 30% homeowners’ rate request it made last June.
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Two wind and hail events were responsible for 60% of the total.
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The medical CPI is up 3.1% for the last 12 months.
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Hits to personal auto, workers’ compensation led to a drop in NWP.
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At his last annual meeting as CEO, Buffett highlighted the importance of Berkshire’s insurance operations.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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But automotive repair costs are likely to increase faster than home repair.
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The Lone Star State has seen rapidly increasing rates in recent years.
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CEO Marchioni said the overall hit would likely be “in the low single digits”.
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The sale price represents Elephant’s approximate net asset value.
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