insurer profits News

Berkshire Profit Surges as Buffett’s Insurers Weather Storms

Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on …

P/C Insurers’ 2013 Profits Reflect First Underwriting Gains Since 2007

Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 …

Florida CFO Wants More Answers About Property Rates

Florida Chief Financial Officer Jeff Atwater is still unsatisfied about property insurance rates and wants more information about why rates aren’t dropping in the Sunshine State. This is the second time this year that Atwater has demanded answers from state …