Industry News
Berkshire Taps Gen Re’s Shamieh to Succeed Jain as Insurance Chief, WSJ reports
Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance leader Ajit Jain, the Wall Street Journal reported on Monday, citing people familiar with the ...
Grant Thornton: Insurers See AI Gains but Face Governance Gap
Insurers are seeing gains from artificial intelligence, but many are also exposing themselves to unnecessary risks, according to a new Grant Thornton report. The independent CPA firm's 2026 AI Impact ...
Workers’ Comp Bureau of California Submits Pure Premium Filing of 10.4%
The Workers' Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium ...
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 ...