Personal 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 ...
Buffett to Step Down Following Six-Decade Run Atop Berkshire
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will ...
The CNBC Halftime Report is the place for market-moving interviews and fast-paced market analysis. It places investors right at the...
Average U.S. Vehicle Age Approaching 13 Years, New Report Shows
Cars on the road are more than a dozen years old on average and they're getting older. The average age of U.S. vehicles on the road rose to 12.7 years in 2024 and is expected to hit 13 years by 2026, ...
LA Fire Investigation Will Take a Year or More, Edison CEO Says
The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International's utility equipment as the possible cause, according to the ...
Increased Writings in Homeowners Adds to U.S. Surplus Lines Growth
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus ...
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 ...
Progressive Insurance Is Hiring Again; 12,000 More People Needed
Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation's second largest auto insurer said it now has 12,000 ...
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers' information and then selling that data to Progressive. ...