AM Best A++ (Superior Rating) 2024

AM Best A++ (Superior Rating) 2024

BHHC Secures A++ (Superior) Rating from AM Best: A Mark of Stability and Excellence

Today, Berkshire Hathaway Homestate Companies (BHHC) is proud to announce our achievement and reaffirmation of the A++ (Superior) financial strength rating by AM Best, the premier global credit rating agency for the insurance industry. This top-tier rating highlights our strong financial health and steadfast commitment to our policyholders.

Founded in 1899, AM Best Company has set the standard for evaluating financial stability in the insurance sector. Our attainment of their highest possible rating signifies BHHC’s leadership in the industry, showcasing our enduring legacy and continuous pursuit of excellence and innovation.

This A++ rating across all BHHC affiliates honors our past achievements and reinforces our future aspirations. It affirms our dedication to upholding the highest standards of financial reliability, reflecting our team’s commitment to delivering superior service and support to our clients and partners. As we advance, we remain focused on leveraging our strength, stability, and innovative spirit to exceed the expectations of those we serve, ensuring BHHC remains a trusted leader in the insurance industry.

Read more in the official press release from AM Best.

The Berkshire Hathaway Homestate Companies (BHHC) are a group of six insurance carriers that are part of the Berkshire Hathaway insurance group. Headquartered in Omaha, Nebraska, and with over 50 years in business, BHHC has evolved from a regional carrier to a national insurance group writing a diverse book of policies from coast to coast. The Berkshire Hathaway Homestate Companies include Berkshire Hathaway Homestate Insurance Company, BHHC Special Risks Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company, and Redwood Fire and Casualty Insurance Company.

Berkshire Hathaway Homestate Companies (BHHC) have earned an enviable record of success in the insurance industry. Supported by A.M. Best’s highest financial strength rating of A++ (Superior) (as of February 22, 2024), our corporate size enables our organization to react swiftly and effectively to opportunities in the insurance marketplace. Our financial strength provides our employees, agency partners, and policyholders the security rarely available in today’s marketplace. Browse bhhc.com to learn more.

World’s Most Admired Companies 2024

World’s Most Admired Companies 2024

Recognition like this matters – to our customers and us.

Coming in at #4, we are excited to announce that Berkshire Hathaway Inc. is ranked in the top 10 of the World’s Most Admired Companies list as determined annually by Fortune. Notably, Berkshire Hathaway Inc. maintained the 1st place ranking for our industry (Insurance: Property & Casualty) for the 19th consecutive year. The Berkshire Hathaway Homestate Companies are honored to be a part of the Berkshire Hathaway Insurance Group in support of our organization’s reputation and integrity through a culture of service.

This annual list rates firms on nine critical attributes to identify those with the strongest reputations among the world’s top executives. The rankings emerge from a survey of 3,700 top executives and directors, along with financial analysts, that examines the companies that enjoy the strongest reputations within their industries and across industries.

Berkshire Hathaway Inc. has made the list before. In fact, since 1998, a 26-year streak, and for the Property & Casualty Insurance industry, since 2005, which is an 19-year streak. Being included as a part of the company that is named to this prestigious roster is an honor every single time. It says we’re innovative; provide high-quality products and services; are well-managed; are socially responsible; attract and retain talented team members; and are financially sound. All things that matter to our customers and to us. These are all things we strive to achieve every day.

Here’s to continuing the work as BHHC to be among the world’s most admired. After all, we want to be there next year to support and make our contribution to the Property & Casualty Insurance industry 1st place ranking and keep the streak going!

The Berkshire Hathaway Homestate Companies (BHHC) are a group of six insurance carriers that are part of the Berkshire Hathaway insurance group. Headquartered in Omaha, Nebraska, and with over 50 years in business, BHHC has evolved from a regional carrier to a national insurance group writing a diverse book of policies from coast to coast. The Berkshire Hathaway Homestate Companies include Berkshire Hathaway Homestate Insurance Company, BHHC Special Risks Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company, and Redwood Fire and Casualty Insurance Company.

Berkshire Hathaway Homestate Companies (BHHC) have earned an enviable record of success in the insurance industry. Supported by A.M. Best’s highest financial strength rating of A++ (Superior) (as of February 1, 2023), our corporate size enables our organization to react swiftly and effectively to opportunities in the insurance marketplace. Our financial strength provides our employees, agency partners, and policyholders the security rarely available in today’s marketplace. Browse bhhc.com to learn more.

The 2024 BHHC Loss Control Webinar Series

The 2024 BHHC Loss Control Webinar Series

Exciting News About Our 2024 Safety Webinars

The BHHC Loss Control Team is proud to present a monthly Workplace Safety Webinar Series designed to empower and educate our valued policyholders and their teams.

Registration Open to All BHHC Policyholders and Teams

If you are a current BHHC policyholder, this is an exclusive opportunity for you and your teams to participate and ask questions to our knowledgeable Loss Control Consultants. We invite Safety Managers, Supervisors, Employers, and Employees to join us in the effort to enhance safety practices and plan risk management protocols. While the webinars are open to all Policyholders and their teams, some topics may be focused on specific industries and written for supervisors. Take a look at our 2024 Webinar Calendar to see what we have planned for this year.

Review Best Practices

Learn from the best! Our webinars will include a review of industry best practices, giving you practical guidance on implementing effective safety measures within your organization.

Connect with Industry Experts

Our Workplace Safety Webinar Series is an excellent opportunity to connect with our industry experts. Engage in discussions, ask questions, and gain insights from professionals who specialize in safety management.

Dive into Diverse Safety Topics

Each month, our webinars will delve into diverse safety topics, providing you with valuable tools to strengthen your safety measures. Our goal is to empower you with the knowledge and resources needed to create a safer work environment for everyone.

Map Out Safety Plans

Equip yourself with the tools to create comprehensive safety plans. Our webinars will guide you through the process of mapping out strategic safety plans tailored to your organization’s needs.

Discover Each Month’s Webinar Focus

Stay informed about each month’s webinar focus by reviewing our 2024 Webinar Calendar. We will be covering a range of topics, and you won’t want to miss out on valuable insights.

let’s make 2024 a year of enhanced safety, professional development, and success

BHHC Loss Control Webinar Series 2024 Calendar

The Berkshire Hathaway Homestate Companies (BHHC) are a group of six insurance carriers that are part of the Berkshire Hathaway insurance group. Headquartered in Omaha, Nebraska, and with over 50 years in business, BHHC has evolved from a regional carrier to a national insurance group writing a diverse book of policies from coast to coast. The Berkshire Hathaway Homestate Companies include Berkshire Hathaway Homestate Insurance Company, BHHC Special Risks Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company, and Redwood Fire and Casualty Insurance Company. Berkshire Hathaway Homestate Companies (BHHC) have earned an enviable record of success in the insurance industry. Supported by A.M. Best’s highest financial strength rating of A++ (Superior) (as of February 1, 2023), our corporate size enables our organization to react swiftly and effectively to opportunities in the insurance marketplace. Our financial strength provides our employees, agency partners, and policyholders the security rarely available in today’s marketplace. Browse bhhc.com to learn more.
California High Heat Hazard Alert

California High Heat Hazard Alert

State of California  Department of Industrial Relations News Release

Cal/OSHA Will be Conducting Targeted Inspections During the California Heat Wave

 

As temperatures rise during the summer months, employers must be proactive in safeguarding their workers against heat-related illnesses. A serious concern such as this can affect anyone working in outdoor or hot indoor environments.
Certain occupations and industries are particularly prone to heat illness hazards. Outdoor workers, such as construction workers, agricultural workers, and utility workers, are at high risk due to prolonged exposure to direct sunlight and physically demanding tasks. Indoor workers in settings without proper ventilation or air conditioning can also be susceptible to heat-related illnesses.

On Wednesday, July 12, California’s Department of Industrial Relations published a news release cautioning employers about the California heatwave that the state is likely to feel through Tuesday, July 18.

“Our team is out in full force, conducting targeted high heat inspections with a focus on  construction, agriculture, landscaping, and warehouse industries to ensure employers are complying with the law,” said Cal/OSHA Chief Jeff Killip.

Heat illness prevention requirements and training can be found on Cal/OSHA’s Heat Illness Prevention page. By recognizing the hazards, implementing preventive measures, providing water, and fostering a culture of safety where rest and shade are encouraged, employers can create a work environment that prioritizes the well-being of their workforce.

We encourage all employers to read the full News Release from the Department of Industrial Relations to better equip themselves for the Cal/OSHA Targeted Inspections During Heat Wave ahead.

The Berkshire Hathaway Homestate Companies (BHHC) are a group of six insurance carriers that are part of the Berkshire Hathaway insurance group. Headquartered in Omaha, Nebraska, and with over 50 years in business, BHHC has evolved from a regional carrier to a national insurance group writing a diverse book of policies from coast to coast. The Berkshire Hathaway Homestate Companies include Berkshire Hathaway Homestate Insurance Company, BHHC Special Risks Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company, and Redwood Fire and Casualty Insurance Company. Berkshire Hathaway Homestate Companies (BHHC) have earned an enviable record of success in the insurance industry. Supported by A.M. Best’s highest financial strength rating of A++ (Superior) (as of February 1, 2023), our corporate size enables our organization to react swiftly and effectively to opportunities in the insurance marketplace. Our financial strength provides our employees, agency partners, and policyholders the security rarely available in today’s marketplace. Browse bhhc.com to learn more.
The Power of Specialized Carriers in a Volatile Market

The Power of Specialized Carriers in a Volatile Market

How can agents and brokers help their clients find stability in a volatile market?

Hear from BHHC P&C execs in the latest issue of Rough Notes.

 

Jeff Morris, BHHC’s Vice President of P&C Marketing & Operations, and Brian Hall, Vice President of P&C Products & Underwriting, answer this question and more in The Rough Notes Company, Inc. June 2023 issue, where they discuss the challenges and changes the commercial auto industry faces today, from inflation to telematics.
 
“The commercial auto market is still experiencing serious difficulties. Inflation is affecting claim severities and loss development, leading to increased uncertainty regarding necessary rate levels,” says Morris.
In the article, by author Joseph S. Harrington, who highlights the road to achieving a new equilibrium in the commercial auto market, Morris continues:
“The first thing I would recommend to an agent or broker is to let their customers know that their federal motor carrier safety data is very important for insurance purposes. This information has proven to be very predictive of loss experience.”
In addition to tracking their federal motor carrier safety data, Morris recommends agents analyze the risks of rapid growth and encourages them to place trucking clients with specialty carriers experienced in underwriting, coverage, and claims-handling.
 
It’s no secret that in a volatile market, dependable expertise paired with actionable insights is the most reliable way to maintain or even increase profitability.
 
Learn more about what you can do to help your clients find stability in today’s market in the June issue of Rough Notes on page 34.

The Berkshire Hathaway Homestate Companies (BHHC) are a group of six insurance carriers that are part of the Berkshire Hathaway insurance group. Headquartered in Omaha, Nebraska, and with over 50 years in business, BHHC has evolved from a regional carrier to a national insurance group writing a diverse book of policies from coast to coast. The Berkshire Hathaway Homestate Companies include Berkshire Hathaway Homestate Insurance Company, BHHC Special Risks Insurance Company, Continental Divide Insurance Company, Cypress Insurance Company, Oak River Insurance Company, and Redwood Fire and Casualty Insurance Company. Berkshire Hathaway Homestate Companies (BHHC) have earned an enviable record of success in the insurance industry. Supported by A.M. Best’s highest financial strength rating of A++ (Superior) (as of February 1, 2023), our corporate size enables our organization to react swiftly and effectively to opportunities in the insurance marketplace. Our financial strength provides our employees, agency partners, and policyholders the security rarely available in today’s marketplace. Browse bhhc.com to learn more.