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U.S. P/C Industry Underwriting Loss Reaches 10-Year High: AM Best

AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
AM Best published its annual tally of U.S. property/casualty insurance industry’s financial results yesterday, reporting that $38 billion of underwriting losses for 2023 was a 10-year high for the sector.
Article / 21 days ago

GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts

Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “ eye-popping performance ” for the giant conglomerate have...
Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “ eye-popping performance ” for the giant conglomerate have...
Article / 1 month ago

Buffett Says Berkshire ‘Built to Last’

Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime...
Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime...
Article / 1 month ago

Report: U.S. Crop Insurers Reap Billions in Profit

Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year,...
Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year,...
Article / 3 months ago

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