Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Ohio-based Business Jet Operators Sue IRS over Ticket Tax
Nov 18 2011 // A group of Ohio-based private business jet operators is suing the Internal Revenue Service for $643 million, saying the government wrongly applied a ticket tax meant for commercial passengers only. The lawsuit in U.S....
Berkshire Hathaway Q3 Profit Falls on Derivatives
Nov 7 2011 // Warren Buffett’s conglomerate Berkshire Hathaway Inc. reported a smaller third-quarter profit Friday after losing more than $2 billion on derivatives related to stock market performance. That was nearly three times...
Business Jet Operators Sue IRS Over Ticket Tax
Nov 1 2011 // A group of Ohio-based private business jet operators is suing the Internal Revenue Service for $643 million, saying the government wrongly applied a ticket tax meant for commercial passengers only. The lawsuit in U.S....
GEICO App Gives Facebook Users Access to Policies
Oct 26 2011 // GEICO is launching a new Facebook app called “GEICO Shortcuts,” which will give GEICO policyholders access to their insurance information using the functionality of the popular social networking...
Align Taps Former Berkshire Hathaway Homestate Cos. President
Oct 21 2011 // Align General Insurance Agency Inc. has named Rod Eldred senior vice president. Eldred will lead the company’s new workers’ compensation division and the expansion of San Diego, Calif.-based Align’s...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Berkshire Hathaway to Buy N.J.-based Princeton Insurance
Sep 30 2011 // Berkshire Hathaway’s medical professional liability insurance unit, Medical Protective Co., is purchasing New Jersey-based Princeton Insurance Co., a professional liability insurer for healthcare providers. Princeton...
Berkshire Hathaway to Buy Back Shares
Sep 26 2011 // Warren Buffett’s conglomerate Berkshire Hathaway said it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints that the stock was...
Buffett’s Berkshire Hathaway Shores Up Bank of America with $5 Billion
Aug 26 2011 // Warren Buffett will invest $5 billion in Bank of America Corp., stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of...
GEICO Reduces Auto Rates in California
Jul 22 2011 // California’s insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO’s California auto insurance policyholders. The GEICO rate decrease will come into effect on...
Berkshire Joins Group Bidding for Citi Consumer Loan Unit: WSJ
Jul 6 2011 // Warren Buffett’s Berkshire Hathaway Inc. has joined the group bidding for Citigroup Inc.’s consumer lending unit, the Wall Street Journal said Wednesday, citing people familiar with the matter. Berkshire has...
Best Affirms All of GEICO’s ‘A++’ Ratings
May 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its property/casualty members....
Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up
Apr 25 2011 // Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of helping insurance companies inflate results or a major company he helps oversee is...
Berkshire, Buffett Sued Over Sokol’s Trades
Apr 20 2011 // Warren Buffett and the rest of Berkshire Hathaway Inc.’s board of directors were sued by a shareholder Tuesday over presumed heir apparent David Sokol’s trading in the stock of a company that was later bought...
No on D&O
Apr 4 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
No to D&O
Apr 4 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
Defining Standards in Texas for the Duty to Defend and Indemnify
Apr 1 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Leading Candidate to Succeed Berkshire’s Buffett Quits
Mar 31 2011 // The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp. before pushing Buffett to acquire it. David Sokol’s resignation...
Ratings: Berkshire Hathaway/Lubrizol; First Mercury, Mennonite
Mar 21 2011 // Standard & Poor’s Ratings Services has stated that the ratings on “Berkshire Hathaway Inc. (BRK; AA+/Stable/A-1+) and its insurance subsidiaries are unaffected by BRK’s announcement that it has agreed...
No on D&O
Mar 21 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
