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Berkshire's Bet on California Seems to Pay Off

By Elaine Goodman (medical/business Reporter)

Monday, December 12, 2016 | 0

A focus on workers’ compensation insurance in California has apparently paid off for Berkshire Hathaway Homestate Cos., as A.M. Best last week affirmed a financial strength rating of A++, or superior, for the group of six insurers. A.M. Best also affirmed the long-term issuer credit ratings of “A++” for BHHC, a group that includes Homestate Insurance Co., Brookwood Insurance Co., Continental Divide Insurance Co., Cypress Insurance Co., Oak River Insurance Co., and Redwood Fire and Casualty Insurance Co. “Aggressive claims management” was one factor contribut...

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