Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Gas Prices Drive N.Y. Rate Decreases
Sep 1 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Insurance Weighs on Berkshire Hathaway’s 2nd Quarter Profit
Aug 11 2008 // Omaha, Neb.-based Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit as of Friday, Aug. 8 because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative...
High Gas Prices Lead GEICO to Drop New York Auto Rate Hike
Aug 7 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Ratings Recap: Hanover, Assurant, Wadena/IMT, Berkshire Hathaway, Finial
Aug 1 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance...
Florida, Berkshire Hathaway Strike $224 Million Deal on Insurance Fund
Jul 31 2008 // Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund. Gov. Charlie Crist and...
Even Buffet’s Berkshire Hathaway Finds Itself in Bear Market
Jul 14 2008 // It’s a bear market for Warren Buffett’s Berkshire Hathaway Inc., too. The shares of the billionaire’s insurance and investment company have dropped more than 20 percent from their most recent peak, the...
Best Affirms Berkshire Hathaway’s Homestate ‘A++’ Ratings
Jun 16 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Berkshire Hathaway Homestate Companies and its six P/C group...
S&P Affirms Berkshire Hathaway’s ‘AAA’ Ratings; Outlook Stable
May 7 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AAA’ counterparty credit, ‘A-1+’ commercial paper, and ‘AAA’ senior unsecured debt ratings on Berkshire Hathaway Inc....
Maine Widower May Never Collect $500K Insurance Settlement
May 7 2008 // An 85-year-old Buxton, Maine man’s lawsuit against the motorist he blamed for his wife’s death has ended in a settlement totaling more than $500,000, but whether the widower ever collects the money remains to...
Berkshire Hathaway Net Off 64% on Derivatives, Insurance
May 5 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha,...
N.J. Approves Jobs, Education as Driver Rating Criteria
May 5 2008 // New Jersey insurers using education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State...
Buffett to Draw Biggest Crowd Ever for ‘Woodstock for Capitalists’
May 2 2008 // Few 77-year-olds could hold thousands of people in rapt attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps. Warren Buffett? Definitely. Buffett will be the center of attention on Saturday (May 3) at the...
New Jersey Regulators: Jobs, Education Are Sound Criteria to Rate Drivers
Apr 25 2008 // New Jersey insurers who use education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State...
Berkshire Hathaway Municipal Bond Insurer Wins Top S&P Rating
Apr 14 2008 // Billionaire Warren Buffett’s new municipal bond insurance company Friday won the top “AAA” rating from Standard & Poor’s Ratings Services, which cited the venture’s nearly $1 billion...
S&P Rates Berkshire Hathaway Assurance ‘AAA’; Outlook Stable
Apr 14 2008 // Standard & Poor’s Ratings Services has assigned its ‘AAA’ financial strength and financial enhancement ratings to Berkshire Hathaway Assurance Corp. (BHAC). S&P also assigned its...
Best Affirms GEICO’s ‘A++’ Ratings
Mar 18 2008 // To no one’s surprise 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...
Berkshire Hathaway Enters Utah
Mar 11 2008 // Jake Garn, chief financial examiner of the Utah Insurance Department, announced that the department issued a Certificate of Authority to Berkshire Hathaway Assurance Corp. The company is authorized to sell insurance in...
Berkshire Net Down 18%; Buffett Eyes Successors, Lower Insurance Earnings Ahead
Feb 29 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday quarterly profit fell 18 percent, hurt by lower earnings from insurance underwriting and a decrease in investment gains. In his annual letter to Berkshire...
Ratings: United Fire, USI Holdings, Public Service Mutual, Berkshire Hathaway, Am. Family, Old Republic, Conseco
Feb 27 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of United Fire & Casualty Group and its five P/C members, which...
Buffett Rapidly Grows His New Municipal Insurance Arm
Feb 25 2008 // One of Warren Buffett’s newest businesses — insuring municipal bonds — is expanding rapidly into a troubled field as the company backed 112 issues in just the past two days, according to Moody’s...
