Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
GEICO Sponsors Rest Area ‘Safe Phone Zones’ in Virginia
Sep 4 2012 // Insurance giant GEICO is going to become a lot more familiar to travelers who visit Virginia’s 43 Interstate rest stops, the Virginia Department of Transportation announced last Thursday. The company has signed on to...
Buffett’s Berkshire Hathaway Relying Less on Insurance Units
Sep 4 2012 // Warren Buffett’s recent birthday was good news for Berkshire Hathaway investors who could celebrate another year of the Oracle of Omaha’s leadership. But the milestone also reminded shareholders they need to...
Berkshire Hathaway Profit Falls on Derivative Losses
Aug 7 2012 // Warren Buffett’s ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income set the new...
Campbell Joins Berkshire Hathaway Homestate Cos.
Jul 3 2012 // Berkshire Hathaway Homestate Cos. named Michael Campbell to its workers’ compensation division as assistant vice president of underwriting. Campbell has more than 20 years of industry experience, most recently at...
Best Affirms, Assigns Ratings to GEICO and Affiliates; Outlook Stable
Jun 25 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), which is based in...
GEICO Appoints VP of Claims in Chevy Chase, Md., Home Office
Jun 18 2012 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, appointed Rick Hoagland as vice president of claims based in the home office. He succeeds Nancy Pierce, who was recently named regional...
Best Affirms General Reinsurance Corp’s ‘A++’ Ratings; Outlook Stable
Jun 18 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation and its core property/casualty and life...
Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses
May 7 2012 // Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion last year in the quarter. Last year’s results were hurt by $1.1 billion in insurance...
People – East
May 7 2012 // Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & McLennan Companies International. Moczarski will continue to be based in New...
BNSF Railway Company Plume Trial To Begin
Apr 30 2012 // A trial to determine BNSF Railway Company’s responsibilities for cleaning up plumes of fuel and toxic solvents beneath Livingston starts Monday in Great Falls. The trial is set to resolve a suit 165 Livingston...
Berkshire’s Warren Buffett Reveals Stage I Prostate Cancer Diagnosis
Apr 18 2012 // Warren Buffett, CEO of Berkshire Hathaway Inc., revealed Tuesday that he has Stage 1 prostate cancer but assured his condition is not “remotely life-threatening or even debilitating in any meaningful...
GEICO Appoints 2 Vice Presidents in New York Regional Offices
Apr 12 2012 // GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, appointed two vice presidents in New York regional offices. John Pham has been named vice president of GEICO’s Woodbury, N.Y.,...
Insurance Retailer GEICO Lowering Commercial Auto Rates in Texas
Mar 23 2012 // Insurance direct marketer, GEICO, has announced that it is lowering commercial auto insurance rates for business owners in Texas. Commercial insurance packages cover the cars, trucks and vans used in conducting business,...
Lawsuit Against Berkshire Hathaway Over Sokol Trades Dismissed
Mar 20 2012 // Berkshire Hathaway won dismissal on Monday of a shareholder lawsuit that stemmed from allegations former executive David Sokol profited by violating the company’s insider trading policy. Shareholders sued the...
Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders
Mar 5 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
Float Like a Lizard
Mar 5 2012 // Every year, Berkshire Hathaway Chairman Warren Buffett issues a letter to shareholders in which he discusses the economy, investing and the performance of his companies. Buffett typically has good things to say about...
Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders
Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...
How One Independent Agent Tried to Off the GEICO Gecko
Dec 29 2011 // Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy! Obsession is more than some...
Washington’s Kreidler Fines GEICO for Overcharging
Dec 21 2011 // GEICO, an auto insurer based in Maryland, has been fined $100,000 for a computer database error that caused the company to overcharge thousands of its Washington state customers. GEICO is also refunding $7.5 million, plus...
Buffet on Japan Visit; Says Euro Zone Has ‘Major Flaw’
Nov 21 2011 // Billionaire investor Warren Buffett said Europe’s debt crisis had shown up a “major flaw” in the 17-member euro zone system and it would take more than words to fix it. “There is a major flaw in the...
