Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI May 5, 2025 By Susanne Sclafane He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the...
Buffett to Step Down Following Six-Decade Run Atop Berkshire May 4, 2025 By Alexandre Rajbhandari and Katherine Chiglinsky Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a...
JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow May 2, 2025 Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto...
Student Competition to Showcase Young Talent at RIMS May 2, 2025 By Ezra Amacher Attendees of the RIMS’ Riskworld annual conference in Chicago will have an opportunity to meet a cohort of aspiring risk...
Uber Teams Up With May Mobility to Launch Robotaxis in US Cities May 2, 2025 Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles...
Zurich Offers ‘Roadmap’ to Prep Businesses, Governments for Climate Change May 2, 2025 By Don Jergler A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity...
APCIA, IBHS Testify Before Senate Committee on Loss Mitigation May 2, 2025 By Chad Hemenway During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government...
Berkshire Outguns Market as Buffett Reaches 60 Years in Charge May 2, 2025 By Jonathan Stempel Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking...
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses May 1, 2025 By Chad Hemenway First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North...
People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multinational Underwriting; Burns & Wilcox Names New York, Chicago Leaders May 1, 2025 SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO,...