Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight
Sep 21 2023 // Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the...
Warren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity
Aug 18 2023 // Investor Warren Buffett has donated Berkshire Hathaway stock worth $27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange...
BNSF Railway Wins New Trial in $228M Biometric Case
Jul 3 2023 // A U.S. judge on Friday ordered a new trial on damages against BNSF Railway in a privacy class action, in a ruling that wiped out an award of $228 million to truck drivers who accused the freight railway giant of unlawfully...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
Jun 30 2023 // Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, 2022. The settlement...
GEICO Suit Alleges $1.8M in Fraudulent Billings by New Jersey Healthcare Providers
Jun 30 2023 // Insurer GEICO is suing to recover more than $1.8 million in allegedly fraudulent and unlawful no-fault insurance charges it says it has paid to several New Jersey health centers since 2018. The charges were for a range of...
5th Circuit Clears Texas Class-Action Suit Against GEICO
May 19 2023 // GEICO must defend itself against a class-action lawsuit that alleges it failed to include the cost of sales taxes and purchasing fees when it paid total loss auto collision claims in Texas, depriving policyholders of...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’
May 8 2023 // Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire’s insurance operations said the figure is not a...
Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story
Apr 25 2023 // A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s...
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
Apr 17 2023 // A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation. The...
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
Mar 30 2023 // A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation. The...
Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
Mar 16 2023 // Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing
Feb 27 2023 // Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating results from the...
Navajo Company Sues BNSF Railway Over Coal Transportation
Dec 22 2022 // One of the largest coal producers in the United States has sued a major freight railroad, alleging it breached a contract to transport coal from Montana for use overseas. The Navajo Transitional Energy Co. alleges that...
GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance
Dec 15 2022 // GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise...
Virginia Court Reverses, Rules for Single Limit in GEICO Uninsured/Underinsured Case
Dec 8 2022 // An auto insurance policy that includes coverage for both uninsured and underinsured motorists does not require the insurer to pay the policy limits twice, the Virginia Supreme Court ruled. The high court reversed a ruling...
People Moves: Berkshire Hathaway Promotes Pair; Encova Foundation Adds Moore
Dec 5 2022 // Berkshire Hathaway Specialty Insurance Promotes Two U.S. Executive & Professional Lines Leaders Berkshire Hathaway Specialty Insurance has promoted two members on its U.S. executive and professional lines team in...
People Moves: GEICO’s Measley Joins Plymouth Rock; Burns & Wilcox Adds Chappie in Pittsburgh
Oct 21 2022 // Plymouth Rock Names GEICO’s Measley Chief Claims Officer Plymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is...
Berkshire Hathaway and Alleghany Corp. Receive Regulatory Approvals for Merger
Oct 17 2022 // Warren Buffett’s Berkshire Hathaway Inc. and Alleghany Corp. announced that all regulatory approvals relating to the proposed $11.6 billion acquisition of Alleghany by Berkshire Hathaway have been received. The deal...
People Moves: AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland
Sep 27 2022 // This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy...
