Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire to Acquire 16% Stake in White Mountains
May 27 2004 // Berkshire Hathaway Inc., the investment holding company headed by Warren Buffett, has agreed to exercise all of its warrants to purchase common shares of Bermuda-based White Mountains Insurance Group Ltd., giving it a 16...
S&P Affirms GEICO and Subs ‘AAA’ Ratings
May 27 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on GEICO Corp. and its ‘AAA’ counterparty credit and financial strength ratings on...
New Mexico Court Invalidates Family Exclusions in Umbrella Policies
Apr 26 2004 // Insurance companies in New Mexico may no longer exclude family members from coverage under so-called umbrella policies, the state Supreme Court has ruled in two cases involving auto accidents. Such exclusions “are...
State Officials to Welcome GEICO at Opening of New La. Claims Office
Apr 12 2004 // State and local Louisiana officials will be on hand to welcome GEICO when it opens its new claims service office on Tuesday, April 13, 10 a.m. Ceremonies take place at the GEICO office site: 3616 S. I-10 Service Road,...
Berkshire Hathaway’s Fourth Quarter Earnings Soar; Profits Driven by Insurance Operations
Mar 8 2004 // Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the...
GEICO Names John Zinno, Greg Jacobi for New Buffalo Center
Mar 2 2004 // GEICO’s board of directors announced that it has named John Zinno as general manager of the company’s new Buffalo, N.Y. business location, and Greg Jacobi, as director of sales and service for the new...
GEICO to Open New Facility in Buffalo
Dec 24 2003 // GEICO and New York Governor George Pataki’s office announced that the auto insurer has selected Buffalo as the site of its second major operations center in New York. GEICO plans to develop a 250,000-square-foot...
S&P Notes: Berkshire Hathaway Finance Corp. Assigned ‘AAA’ Senior Debt Rating
Dec 19 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $500 million private-placement debt securities offering. BHFC is a financial subsidiary...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
S&P Rates Berkshire Hathaway Finance Corp.
Oct 1 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.5 billion private-placement debt securities offering based on a gurantee by the...
Berkshire Hathaway Says Profit Doubles
Aug 12 2003 // Berkshire Hathaway Inc. said on Friday second-quarter profit more than doubled, helped by rising insurance rates and investment gains from U.S. government bond sales. The Omaha, Neb.-based company, whose patchwork of...
Lumbermens Commutes Two Berkshire Hathaway Reinsurance Agreements, Regains Access to $1.6 Billion
Jun 30 2003 // Lumbermens Mutual Casualty Co., flagship of Long Grove, Ill.-based Kemper Insurance Cos., today announced that it and two Berkshire Hathaway Inc. affiliates, National Indemnity Co. and National Fire & Marine Insurance...
Berkshire Hathaway Profit Up Thanks to Hardened Market
May 13 2003 // Omaha, Neb.-based Berkshire Hathaway Inc. nearly doubled the profit of the first quarter of 2002, thanks to the hardened insurance market. Berkshire reported a net profit of $1.73 billion, or $1,127 a share, compared to...
Buffett Announces Record Profits, Says He Has 4 Possible Successors
May 5 2003 // Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever...
Alaska Supreme Court to Decide UM/UIM Coverage Limits Case
Feb 27 2003 // The Supreme Court of Alaska will decide whether state law requires that personal auto insurance companies include price terms when offering optional uninsured/underinsured motorist coverage limits. The court will also...
Trenwick in Deal with Berkshire Hathaway for Lloyd’s Support
Nov 5 2002 // Bermuda-based Trenwick Group Ltd. announced that it has concluded an agreement with National Indemnity Company, a member of Warren Buffet’s Berkshire Hathaway group, to provide Trenwick’s Lloyd’s...
Trenwick in Deal with Berkshire Hathaway to Increase Syndicate Capacity
Sep 20 2002 // Trenwick Group Ltd. announced that it has entered into an agreement with Berkshire Hathaway to increase the total premium capacity of Trenwick Managing Agents’ Syndicate 839 at Lloyd’s for the 2002 year of...
Berkshire Hathaway Outlook Stable
Sep 16 2002 // S&P’s affirmed its “AAA”/”A-1+”counterparty credit, “A-1+” commercial paper, and “AAA” senior debt ratings on Berkshire Hathaway Inc. because of the...
Berkshire Hathaway Plans to Buy Portion of Kemper Business
May 9 2002 // Berkshire Hathaway Inc. plans to buy a portion of Kemper Insurance Companies’ business. Berkshire will buy an undisclosed equity stake in the commercial casualty and specialty insurance business of privately held...
