Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
No to 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...
No to 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...
One Thing Is Not Another: Defining Standards for the Duty to Defend and Indemnify
Mar 21 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...
Business Moves
Mar 7 2011 // Lawson-Hawks, Christopher Lee Insurance Services Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., acquired Christopher Lee Insurance Services of Carmel, Calif....
Berkshire Hathaway Enters India Insurance Market
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for...
No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter
Feb 28 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...
Berkshire Hathaway Inc. to Acquire Wesco Financial Stock
Feb 7 2011 // Berkshire Hathaway Inc. and Pasadena, Calif.-based Wesco Financial Corp. have entered into a definitive merger agreement, whereby Berkshire Hathaway will acquire the remaining 19.9 percent of the shares of Wesco’s...
Berkshire Hathaway to Buy Rest of Wesco Financial
Feb 7 2011 // Warren Buffett’s Berkshire Hathaway Inc. will buy the 19.9 percent it does not own of Wesco Financial Corp., in a deal worth about $547.6 million, the companies said Monday. In September, Buffett submitted a takeover...
Berkshire Hathaway Homestate to Provide Workers’ Comp Nationally
Feb 3 2011 // The Berkshire Hathaway Homestate Companies (BHHC) now has the ability to provide workers’ compensation coverage to their clients in every state that allows private insurers to compete for business. Currently, BHHC...
Rating Recaps: PrimeOne, Berkshire Hathaway (Notes), Safety National
Dec 17 2010 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to Michigan-based PrimeOne Insurance Company, both with stable outlooks. The ratings of...
Canada’s Sun Life Selling Reinsurance Unit to Berkshire Hathaway
Oct 27 2010 // Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit. Sun Life did not...
Berkshire Hathaway Moves Step Closer to Buffett Succession
Oct 26 2010 // Warren Buffett’s Berkshire Hathaway Monday said hedge fund manager Todd Combs would join the firm, potentially bringing the company a step closer to solving Buffett’s succession puzzle. Berkshire Hathaway owns...
GEICO Names New Southeast Claims VP
Aug 10 2010 // GEICO recently named Carl Tims, CPCU, of Lakeland, Fla., assistant vice president in charge of claims for the Southeast regional operations office in Macon, Ga. Tims began his career with GEICO in 1992 as a service...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
Geico Files $1.8M Lawsuit over Alleged No-Fault Fraud in New York
Jun 14 2010 // Insurer Geico has filed a $1.8 million lawsuit alleging a Queens radiology center orchestrated a no-fault auto insurance fraud scheme that involved thousands of suspect claims for service. Geico did not identify the 10...
Best Removes Berkshire Companies from ‘Under Review;’ Affirms Ratings
May 10 2010 // A.M. Best Co. has issued three separate bulletins announcing that it has removed a number of Berkshire Hathaway’s insurance companies from the “under review with negative implications” status it announced...
Buffett’s Berkshire Q4 Profit Highest Since 2007; Geico Premiums Up 6%
May 10 2010 // Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe...
Connecticut Fines GEICO $178K
Apr 9 2010 // The Connecticut Insurance Department has fined four GEICO subsidiaries a total of $177,500 for improper rating, claim delays and the use of unlicensed adjusters among other violations. The total fine is a result of smaller...
Business Moves
Feb 7 2010 // Swiss Re, Berkshire Hathaway Swiss Re concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written...
Berkshire Hathaway Loses ‘AAA’ Ratings from S&P
Feb 5 2010 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit rating on Berkshire Hathaway Inc. (BRK) to ‘AA+’ from ‘AAA’. S&P also lowered its financial strength...
