All articles tagged with #tokio marine
Berkshire Hathaway shares fell for eight straight sessions—their longest losing streak since 2018—amid a broader market pullback driven by higher energy prices and geopolitical tensions; Buffett has signaled he’ll step down as CEO by end-2025. The firm also announced a roughly $2.3 billion stake in Tokio Marine Holdings in Japan, paired with a strategic reinsurance partnership that underscores long-term expansion.
Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., subsidiaries of Tokio Marine Holdings Inc., are withdrawing from the homeowners and personal umbrella insurance markets in California, impacting over 12,000 homeowner insurance policies and 2,700 personal umbrella policies. The nonrenewal notices will begin on July 1, with the proposed effective date for the filings set for August 1, 2025. The reason for their withdrawal was not disclosed, and these companies join a growing list of insurance companies making it harder for California residents to obtain home coverage, including State Farm, Allstate, Farmer’s Insurance, and The Hartford.