Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Insurance Losses Erode Berkshire Hathaway Q1 Profit
May 7 2017 // Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating...
Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO
Apr 17 2017 // You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage...
Third Point Re Names Berkshire Hathaway’s Govrin to U.S. Underwriting Post
Apr 12 2017 // David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd. Govrin brings 25 years of experience in the insurance industry to his new role. Prior to...
Berkshire Hathaway Specialty Sues Goodyear Over Asbestos Claims
Apr 7 2017 // An insurance unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc. said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Berkshire Hathaway Employee Wins $100K in March Madness Contest
Mar 21 2017 // Berkshire Hathaway Inc. said that a Berkshire factory worker from West Virginia was the winner of its 2017 Bracket Contest. The contest winner will be receiving the winning prize of $100,000 as a result of correctly...
Berkshire Opposes Political Contribution Disclosure, Fossil Fuel Divestment Proposal
Mar 20 2017 // Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world’s second-richest person safe. Buffett’s pay was...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Defective Axle Blamed Fiery 2013 Derailment in North Dakota
Feb 9 2017 // A defective axle broke and caused a 2013 train derailment that led to a series of explosions just a quarter-mile outside a small North Dakota town, the National Transportation Safety Board said Tuesday. A BNSF train...
BNSF to Appeal $1M Iowa Jury Award to Ex-Employee
Jan 23 2017 // A federal jury in Nebraska has awarded a former BNSF Railway employee from Iowa more than $1 million by in a wrongful termination lawsuit. The Lincoln Journal Star says Daniel Monohon, of Ottumwa, Iowa, was fired from a...
Survivor of Deadly Texas Train Wreck Sues BNSF Railway
Nov 28 2016 // The lone survivor of a head-on crash between two freight trains in the Texas Panhandle has filed a lawsuit seeking more than $1 million in damages. The Amarillo Globe-News reported that Derek Schilling filed the lawsuit...
BNSF in Washington to Examine Covering Coal Trains Under Agreement
Nov 23 2016 // BNSF Railway will study the use of physical covers for coal and petroleum coke trains as part of a tentative agreement reached this week with environmental groups that sued alleging that coal spilled from trains pollutes...
Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3
Nov 7 2016 // Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase...
Judge in Washington Finds Railway Could Be Liable if Spills Proven
Oct 28 2016 // A federal judge in Seattle has found that BNSF Railway could be held liable in a lawsuit claiming that coal spilled from trains pollutes waterways if environmental groups can show at trial that such discharges actually...
Berkshire Hathaway GUARD Adds Miscellaneous Professional Liability Coverage
Oct 27 2016 // Berkshire Hathaway GUARD Insurance Companies has launched a miscellaneous professional liability policy in New Jersey with expansion into a half dozen more states by the end of 2016. The company’s new product is a...
GEICO Expands Ridesharing Product to 10 Additional States
Oct 10 2016 // GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24...
Rail Lines in Minnesota Getting Automatic Braking Technology
Oct 6 2016 // New safety technology that may have prevented last week’s deadly train crash in New Jersey is being implemented along some rail lines in Minnesota and elsewhere. The new technology, known as positive train control,...
Supreme Court Denies GEICO Appeal on Claims Investigators’ Overtime Pay
Oct 3 2016 // The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co.’s appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators after the...
Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
