Berkshire Hathaway - Latest Insurance News

Equitas Completes Reinsurance Deal with Berkshire Hathaway

Mar 28 2007 // Equitas, the run-off vehicle established by Lloyd’s in 1996 to handle 1992 and prior years’ non-life liabilities, has completed its reinsurance transaction with National Indemnity Company, a member of the...

GEICO Adds 100 Jobs in Iowa

Mar 6 2007 // GEICO Insurance plans to add 100 workers to its Coralville, Iowa office, the company announced this week. The new jobs will be entry-level sales and service jobs, said Dina Pon, manager of GEICO insurance in Coralville....

Editor’s Note: Keeping score

Jan 28 2007 // Although 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are about notification...

13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case

Dec 27 2006 // Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other...

2006: a big year for P&C buyers and sellers of all shapes and sizes

Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...

2006:a big year for P&C buyers and sellers of all shapes and sizes

Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...

Buffet’s Berkshire Hathaway Inc. Trims Ameriprise Stake to 6 Percent

Nov 15 2006 // Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Ameriprise Financial Inc. to 6 percent from 9.8 percent, according to a Monday filing with the Securities and Exchange Commission. Buffett’s firm...

News Currents

Oct 23 2006 // Berkshire Hathaway most expensive U.S. stock The most expensive stock in the United States passed a unique plateau, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed...

Berkshire Hathaway’s National Indemnity in Deal to Back then Acquire Lloyd’s Equitas

Oct 20 2006 // Broadway producers call them “angels:” rich people who put up the money to fund their shows. In that sense, Equitas, the Lloyd’s vehicle set up in 1996 to run off a mountain of asbestos and environmental...

Berkshire Hathaway Says General Re Not Target of Investigation

Oct 19 2006 // General Reinsurance, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said it learned this week that the company is not a target of a federal investigation into the collapse of insurer Reciprocal of...

North Texas Insurance Agent Takes on GEICO

Oct 12 2006 // “Bigger isn’t necessarily better,” says Texas independent insurance agent Al Boenker of the Al Boenker Insurance Agency. Boenker’s latest advertising puts him up against the gecko, making fun of the...

Berkshire Hathaway Most Expensive U.S. Stock

Oct 10 2006 // The most expensive stock in the United States passed a unique plateau, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed $100,000. The shares closed up $1,296, or 1.3...

GEICO cancels Charo

Oct 9 2006 // Connecticut Attorney General Richard Blumenthal said that GEICO insurance company has said it will no longer run what Blumenthal claims is “a false and misleading television advertisement” that claims the...

GEICO Adds 800 Jobs in Virginia

Sep 21 2006 // GEICO insurance company announced it would add nearly 800 jobs at its regional headquarters in Stafford County. The facility, one of seven regional offices, employs about 3,000 people and already is one of the...

Conn. AG Says GEICO to Pull ‘Misleading Charo’ Ad

Sep 17 2006 // Connecticut Attorney General Richard Blumenthal said that GEICO insurance company has said it will no longer run what Blumenthal claims is “a false and misleading television advertisement” in the state that...

GEICO Taps Pierce to Head Mid-Atlantic and Property Operations

Sep 13 2006 // GEICO reported that Nancy Pierce will head its Middle Atlantic operations which include Washington, D.C., Maryland, Pennsylvania, Delaware and West Virginia. Pierce will also head the company’s property insurance...

GEICO to Hire More Than 600 for Tucson Office

Sep 12 2006 // GEICO announced it is actively recruiting for its Tucson,Ariz., office and plans to add 600 new associates in the next 15 months. Because of GEICO’s continued growth, the company will hire associates for its customer...

R. Steven Orr, Maryland, Commissioner of Insurance

Sep 4 2006 // In January, Maryland Gov. Robert L. Ehrlich Jr. selected R. Steven Orr to serve as Maryland Insurance Commissioner, succeeding Alfred W. Redmer, who resigned in October 2005 to join the private sector. Orr most recently...

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