Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
GEICO Can’t Sue or Void Invoices from Auto Glass Shops, Florida Supreme Court Says
Sep 26 2024 // In the long war between auto insurers and windshield repair shops, the Florida Supreme Court this week sided with glass companies, leaving GEICO with little choice but to ask lawmakers to change the law if it feels repair...
Georgia Investment Manager Charged with Siphoning $6M from GEICO
Aug 14 2024 // A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for his own use. Dwayne Peterson Davis, 54, of Atlanta, was a business partner with GEICO in a...
Buffett’s Berkshire Hathaway Sets, Closes at Record High
Jul 16 2024 // Berkshire Hathaway’s share price set a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American economy. The...
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours
Jul 8 2024 // Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer failed to pay them for all hours they worked “off-the-clock.” The settlement affects 806...
Patronis Names GEICO Claims Director to FIGA Board
Jul 2 2024 // The Florida Insurance Guaranty Association now has an auto insurance representative on its board. Florida Chief Financial Officer Jimmy Patronis announced last week that he has appointed D. Ryan West, the senior director...
Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says
Jul 1 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled in June that two of those...
GEICO Tops Progressive With Higher J.D. Power Scores
Jun 26 2024 // Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto...
Buffett’s NetJets Sues Pilots’ Union for Defamation
Jun 6 2024 // NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit...
Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says
Jun 6 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
BNSF Signs Anonymous Federal Safety Hotline for Workers
May 1 2024 // OMAHA, Neb. (AP) — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline. The Federal Railroad...
Jury Rules BNSF Contributed to 2 Deaths in Montana Town Exposed to Asbestos
Apr 25 2024 // A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury...
BNSF Says It Didn’t Know About Asbestos That’s Killed Hundreds in Montana Town
Apr 23 2024 // BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal...
People Moves: Berkshire Hathaway Expands U.S. Marine Business With Wyatt, Frick
Apr 17 2024 // Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance. BHSI named Ben Wyatt as head of marine and Chris Frick as head...
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts
Feb 26 2024 // Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant conglomerate are over, readers focused on...
Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration
Jan 5 2024 // Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were fraudulent medical and chiropractic service charges it paid to several clinics under New Jersey’s no-fault...
GEICO Charges New York Pharmacy, Medical Clinics With $3.7M in Prescription Fraud
Dec 12 2023 // Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault auto insurance system by submitting...
Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action
Dec 8 2023 // GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem...
Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well
Nov 6 2023 // Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
Oct 20 2023 // In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more...
