Tonight, 16 months since Los Angeles was ravaged by two devastating wildfires, State Farm, California's largest insurer facing potential suspension in the state after a monthslong investigation found that the company repeatedly violated the law in its handling of wildfire claims. The state's insurance department says the company delayed, underpaid, and buried policy holders in red tape. In several cases, they say the company failed to provide explanations for why they were denying claims and in one case wai ...

Australian Ethical Investment, a pension fund with about $10 billion under management, is pressuring QBE Insurance Group over the potential threat extreme weather poses to future profitability https://t.co/tNdVwwuwzU ...

California officials took legal action against State Farm, accusing the insurer of unlawfully delaying, denying and underpaying home-insurance claims from survivors of last year’s LA wildfires. https://t.co/jUB1jym29M ...

First meeting with Greg Abel running the show. Buffett was not slated to speak, but he made kind of a little bit of an appearance. It was much more of a of a company focused event, right.So when Buffett and Munger were there, it was it was folksy and kind of stories, and you're still learning things, but it was much less about the operations of Berkshire. Greg Abel went into dense detail on some of the businesses. I could tell right away.I almost felt he was losing the room a little bit because people came ...

Poland’s biggest insurance company PZU agreed to buy MetLife’s Ukrainian unit, marking a significant expansion into the war-torn market as Warsaw seeks a leading role in the country’s reconstruction https://t.co/UrE7IexaMa ...

Since the closure of the Strait of Hormuz, some terrorism insurers have suffered losses but demand has gone up. Fear, after all, is good for business https://t.co/5AUFh7bOO1 ...

Good afternoon. My name is Amir Rahani from Vancouver, Canada. Uh, thank you for hosting us and thanks to everyone at headquarters that makes this weekend possible.Um, Berkshire's investments in the five Japanese trading houses was passive. Good businesses at good prices financed by GPN. Uh, your Tokyo Marine deal is fundamentally different.a 10-year joint M&A and reinsurance partnership. That's a level of operational integration Bergkshire has never done internationally. What does that look like in practic ...

I mean the short answer is depends on the price. Aene I uh I like your Charlie answer. Um obviously some thought has gone into that because there's a lot of dynamics there. Yeah, there is a lot of chatter, there's a lot of need.Uh, fortunately, there's enough capacity in the insurance world today that would like to write that risk for no other reason but people are sitting on excess capital and they'd like to find a way to deploy that excess capital. uh we ourselves have taken a small participation in a pro ...

Uh this first question, Ajet, let's uh follow up with the AI. This is slightly different though. This comes from Billy D.Ross in Ardsley, New York, who writes, "In an era of increasingly complex risk models and AI tools, where does human judgment still provide Berkshire a competitive advantage?" >> Uh okay. Beck, can you just repeat the last part of the question. >> Yeah.Where is human judgment still a competitive advantage for Berkshire when you consider AI tools that are out there. >> Yeah. So AI also is ...

My name is Dan Amos. I'm chairman and CEO of AFLAC. AFLAC ensures more than 50 million people worldwide.Our objective is to offer health care to fill gaps that are located in their health care system either through national health care or through individual policies that they own. AFLAC started in 1955 by the Amos brothers. We used to say we were not poor, we were broke and uh we had to find a way.So we went doortodoor selling stock in our company. We started on a regional level and then went nationwide and ...