Commercial Lines
Berkshire’s Abel: Utility Ops Rethink Wildfire Approach Amid Litigation
Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate's utilities when the threat of wildfires becomes excessive. Abel ...
CRC Group Acquires ARC in E&S Deal
Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a ...
Florida Class Action Targets Litigation Funding Firm Over Data Breach
Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have faced multi-million lawsuit verdicts. But now one ...
High Tariff Impact on Personal Lines; Commercial Less Vulnerable
A glaring red block marked "high" appeared over the "personal lines/ loss costs" cell of a chart displaying the impact of tariffs on North American insurers created by Fitch Ratings this week. While ...
No Escape From Tariffs — Not Even for D&O Liability Insurers
While property/casualty insurance executives are largely focused on the impacts of tariffs on short-tail lines like personal auto and property, investment market jitters ...
Wildfire Losses Cut Chubb Q1 Net Income 38%; Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38 percent to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a ...
Don’t Forget Workers Comp Tariff Impacts: Berkley
The chief executive of W.R. Berkley Corp. said that his company is very focused on the impacts of tariffs on loss costs, and ultimately pricing for short-tail lines of business. But the possibility ...
Today’s Commercial Property Market in ‘Better Place’: Brokers
Commercial property insurance rates continue to fall for most accounts after most property insurers saw profitable books in 2024. That's good news for insureds, commercial property brokers say, as ...