Brown & Brown (BRO) has disclosed a new risk, in the Costs category.
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Brown & Brown faces significant risks associated with its involvement in Accession’s business, particularly through its ownership and participation in captive insurance companies. These risks include underwriting liabilities and potential claims expenses that could negatively impact their financial performance, especially if claims exceed reinsurance coverage. Additionally, ongoing litigation involving Accession’s subsidiary, Oxford Risk Management Group LLC, and potential IRS investigations into tax compliance could further exacerbate these risks. The complexity of these issues, combined with overlapping business operations, may intensify the challenges Brown & Brown encounters, potentially affecting their overall financial stability.
The average BRO stock price target is $108.13, implying 31.26% upside potential.
To learn more about Brown & Brown’s risk factors, click here.