00:00 It's Benzinga and here's what's on the block.
00:03 Trump's CEO Evan Greenberg told CNBC that climate change has created tremendous volatility
00:07 for the insurance industry and is impacting insurance costs.
00:11 General inflation and rising litigation costs are also factors driving higher insurance
00:15 prices.
00:16 Greenberg said that litigation has become a money-making industry that is always finding
00:20 new bases for liability claims.
00:23 Trump's shares jumped in May when Warren Buffett announced it as a Berkshire Hathaway
00:27 secret stock pick.
00:28 Trump provided former President Donald Trump with an appeal bond of over $91 million but
00:33 later backed out of talks to provide a $464 million bond.
00:37 For all things money, visit Benzinga.com.
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