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Company Directory - W. R. Berkley Corporation

Company Details - W. R. Berkley Corporation

W. R. Berkley Corporation Logo

W. R. Berkley Corporation

Website

Greenwich, United States

NYSE: WRB 

ISIN: US0844231029

W. R. Berkley Corporation is an insurance holding company that provides a variety of commercial lines of property and casualty insurance, catering to diverse industries and enhancing risk management for businesses.

CCI Score

CCI Score: W. R. Berkley Corporation

-20.09

0.01%

Latest Event

WR Berkley Corp Political Contribution

WR Berkley Corporation contributed $29,000 through its PAC to federal candidates during the 2023-2024 election cycle, according to FEC data highlighted by OpenSecrets. The donation raises concerns about corporate influence in the political process and the broader impact on democratic accountability.

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ACCOMPLICE

W. R. Berkley Corporation is currently rated as an Accomplice.

-20 to -29 CCI Score
These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

  • WR Berkley Corp Political Contribution Logo
    FEB
    06
    2025

    WR Berkley Corporation contributed $29,000 through its PAC to federal candidates during the 2023-2024 election cycle, according to FEC data highlighted by OpenSecrets. The donation raises concerns about corporate influence in the political process and the broader impact on democratic accountability.

  • -40

    Political Contributions and Lobbying Efforts

    April 7

    The $29,000 contribution to federal candidates is an example of corporate political financing that can enhance corporate influence in politics. From an anti-fascist perspective, such contributions risk tilting the political arena in favor of policies that protect corporate interests at the expense of marginalized communities and worker rights, thereby undermining true democratic accountability.

    WR Berkley Corp PAC Contributions to Federal Candidates • OpenSecrets

  • WR Berkley Corp PAC Political Funding Logo
    JAN
    01
    2024

    According to OpenSecrets data, WR Berkley Corp's PAC raised $60,950 in the 2023-2024 election cycle, reflecting the company's political engagement through its political action committee.

  • -10

    Political Contributions and Lobbying Efforts

    April 1

    The PAC data indicates that WR Berkley Corp raised $60,950 in the 2023-2024 election cycle. While the amount is relatively modest, corporate involvement in political financing is a clear exercise of influence, which from an anti-fascist perspective raises concerns about corporate power in shaping politics.

    PAC Profile: WR Berkley Corp • OpenSecrets

  • W.R. Berkley Corp 2023 Lobbying Expenditure Logo
    DEC
    31
    2023

    W.R. Berkley Corporation spent $1,120,000 on federal lobbying in 2023 as detailed on the OpenSecrets lobbying profile, highlighting the company's engagement in political influence through lobbying expenditures.

  • -60

    Political Contributions and Lobbying Efforts

    April 1

    The company's spending of $1,120,000 on lobbying in 2023 reflects a significant investment in influencing political processes. From an anti-fascist perspective, such a large expenditure can undermine democratic accountability and facilitate undue corporate influence in policymaking, potentially favoring authoritarian agendas. This negative influence on public political behavior warrants a score of -60 in the Political Contributions and Lobbying Efforts category.

    WR Berkley Corp Lobbying Profile • OpenSecrets

  • W. R. Berkley Lobbying Spending 2023 Logo
    DEC
    31
    2023

    W. R. Berkley Corporation spent $1,120,000 on lobbying efforts in 2023 as reported by OpenSecrets. This significant political spending raises concerns about corporate influence over policy, which from an anti-fascist perspective can undermine democratic accountability.

  • -40

    Political Contributions and Lobbying Efforts

    April 7

    The company’s expenditure of $1,120,000 on lobbying in 2023 is significant. From an anti-fascist and progressive viewpoint, such corporate political spending is worrisome as it can distort democratic processes and favor corporate over public interests, potentially aligning with authoritarian influences.

    WR Berkley Corp Lobbying Profile • OpenSecrets

  • Settlement Over Improper Handling of First Responder Claims Logo
    OCT
    05
    2023

    The Vermont Department of Financial Regulation reached a $100,000 settlement with Acadia Insurance Company after finding that BerkleyNet, the third‐party administrator tied to W. R. Berkley Corporation, engaged in aggressive and unfair handling of workers’ compensation claims—including those filed by first responders for PTSD—by denying claims without proper investigation.

  • -70

    Labor Relations and Human Rights Practices

    April 7

    BerkleyNet’s refusal to conduct a reasonable investigation and its immediate denial of claims, particularly affecting first responders suffering from PTSD, demonstrate a grave violation of ethical business practices and workers’ rights. This regulatory intervention highlights how the company’s actions undermine fairness and hurt a vulnerable group.

    DFR Reaches $100,000 Settlement with Insurance Company Over Improper Handling

  • Active Political Action Committee Logo
    JAN
    01
    2023

    W. R. Berkley Corporation's Political Action Committee is listed as active and qualified on the FEC database. Its continued operation signals ongoing corporate engagement in political contributions—an activity that raises concerns regarding corporate influence over public policy and the potential to bolster authoritarian measures.

  • -20

    Political Contributions and Lobbying Efforts

    April 7

    The existence of an active corporate PAC indicates that W. R. Berkley Corporation is engaging in political contributions. From an anti-fascist perspective, such political spending can be used to sway policy in favor of corporate interests and may contribute indirectly to authoritarian systems. The relatively moderate negative score reflects concern about corporate political influence without evidence of direct support for extremist candidates.

    W. R. BERKLEY CORPORATION POLITICAL ACTION COMMITTEE - committee overview

  • Publication of 2022 Modern Slavery Statement Logo
    DEC
    31
    2022

    W.R. Berkley Corporation’s subsidiary, Berkley Insurance Company, published its 2022 Modern Slavery Statement, detailing its comprehensive approach to identifying and mitigating modern slavery risks across its supply chains and operations, including enhanced supplier due diligence and staff awareness initiatives.

  • +50

    Labor Relations and Human Rights Practices

    April 1

    The Modern Slavery Statement outlines proactive measures to uphold human rights and protect workers through ethical policies and practices. The company's commitment to increasing staff awareness and applying stringent supplier screening to prevent modern slavery represents a positive labor relations and human rights practice.

    PDF Berkley Insurance Company - Modern Slavery Statement 2022

  • +45

    Supply Chain Ethics

    April 1

    The statement emphasizes robust supply chain ethics by reviewing supplier modern slavery policies, incorporating modern slavery warranty clauses in contracts, and performing third‐party risk assessments. These steps are critical in ensuring that the supply chain remains free from human rights abuses, supporting anti-authoritarian and progressive labor practices.

    PDF Berkley Insurance Company - Modern Slavery Statement 2022

  • CA Enforcement Action Against W.R. Berkley Corporation Logo
    MAY
    24
    2017

    The California Department of Insurance announced a settlement totaling $12 million that included a $9 million payout from W.R. Berkley Corporation over licensing violations and non-compliant surplus line insurance transactions. The company conducted an independent review, self-disclosed compliance issues, and took remedial steps, though the enforcement action underscores lapses in its business practices.

  • -30

    Business Practices and Ethical Responsibility

    April 1

    W.R. Berkley Corporation was subject to a significant enforcement action over licensing and compliance violations related to surplus line insurance activities in California. Although the company self-reported the issues and took remedial actions, the fact that an enforcement process was required and a substantial settlement imposed reveals deficiencies in its business practices and ethical responsibility.

    CA Commissioner's Enforcement Action Against W.R. Berkley Corp Results in Multi-Million Dollar Settlement - ProgramBusiness

  • California Enforcement Settlement for Licensing Violations Logo
    MAY
    23
    2017

    W.R. Berkley Corporation was involved in an enforcement action by the California Department of Insurance over licensing violations related to surplus line insurance. Following an investigation that began in 2011, the company self-disclosed compliance issues and implemented remedial measures, which helped mitigate the penalty. As a result, the settlement agreement required W.R. Berkley to pay $9 million (with a further $15,000 for cost recovery), with $6 million of the penalty suspended in recognition of its cooperation and corrective actions.

  • +15

    Business Practices and Ethical Responsibility

    April 7

    Although the enforcement settlement stemmed from licensing violations, W.R. Berkley Corporation’s decision to self-report the compliance issues and immediately undertake remedial measures demonstrates a commitment to ethical business practices. This proactive step—the independent review by outside counsel and cooperation with the regulator—mitigated the full financial impact of the violation, reflecting a corrective approach that ultimately supports a more accountable and responsible business model.

    California’s Enforcement against W.R. Berkley Ends in $12M Settlement

Corporate Financials

Revenue
2023
$3.70B
Total Assets
2023
$16.00B
Operating Income
2023
$730.00M
Total Equity
2023
$3.50B

Industries

524126
Direct Property and Casualty Insurance Carriers
524128
Other Direct Insurance (except Life, Health, and Medical) Carriers
524292
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds