Industry News
California Takes Action Against State Farm Over LA Wildfire Claims
Late last month, State Farm General Insurance Company announced enhanced commitments to customers impacted by the 2025 Los Angeles Wildfires, but the California homeowners insurer's actions were too ...
Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech Transformation
"It's not going to be easy to just restart the growth engine." Berkshire Hathaway Chief Executive Officer Greg Abel was referring to a challenge ahead of auto insurer GEICO during the annual meeting ...
New Study Suggests Federal Action to Cut Rising Insurance Costs
A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos, and businesses — and it proposes federal guardrails so that a public beset by ...
AIG Underwriting Income More Than Triples in Q1
First-quarter 2026 underwriting income in American International Group's (AIG) General Insurance segment increased nearly 220% compared with the prior year, to $774 million. Financial results for the ...
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown
Brown & Brown acknowledged that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. "At the end of March, the startup [Howden] has taken customers representing ...
Hippo ‘Off to a Fast Start’ With Reversal of Q1 Loss a Year Ago
InsurTech Hippo reversed a first-quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total ...
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Berkshire, Cyber Risk and the Strait of Hormuz: Insurability Hinges on Price
During the recent Berkshire Hathaway annual meeting, Chief Executive Officer Greg Abel told shareholders that the conglomerate's decisions on investments and acquisitions depend on several factors, ...