Flash Report: Buffett Swallows Up Aaris And Acca

By: Bess Shapiro

Continuing to bet big on the California workers' comp market, billionaire Warren Buffett, owner of Berkshire Hathaway is purchasing workers' comp claims and underwriting management companies American All-Risk Insurance Services (AARIS) and American Commercial Claim Administrators (ACCA). The companies are being acquired by Columbia Insurance Company, a Berkshire Hathaway subsidiary, according to a news release.

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