Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble
Aug 8 2022 // The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire...
Reports: GEICO Closing All Offices in California
Aug 1 2022 // GEICO is closing all of its offices in California, according to reports. The company shut down all of its 38 offices in the state and hundreds of GEICO workers are being laid off, the news website SFGate is...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
Jul 19 2022 // With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO
Jul 18 2022 // When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year’s annual meeting, he was referring to scale rather than customer...
Buffett’s Dairy Queen Loses Lawsuit Over ‘Blizzard’ Name
Jun 22 2022 // A federal judge ruled that Dairy Queen cannot stop W.B. Mason Co from selling “Blizzard” bottled spring water, the same name the unit of Warren Buffett’s Berkshire Hathaway Inc BRKa.N uses for a popular...
Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France
Jun 14 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has introduced a proprietary directors & officers insurance policy in France. “Our new D&O liability policy provides companies and their management...
Alleghany Stockholders Approve Sale to Buffett’s Berkshire Hathaway
Jun 9 2022 // Alleghany Corp. on June 9 said its stockholders approved and adopted Berkshire Hathaway’s offer to buy the company for $11.6 billion. “We are pleased our stockholders have overwhelmingly voted to support this...
Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France
Jun 2 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has further expanded its presence in Europe with an office in Lyon, France. “As we continue to grow steadily across Europe, the time is right to expand with...
Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism
May 4 2022 // Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also wanted to know...
Several Rail Cars Burn After BNSF Train Derails in North Dakota
May 3 2022 // Several rail cars caught fire after at least 11 cars of a BNSF train derailed near Burlington, North Dakota early Sunday, but no injuries were reported. The railroad said in a statement that the train derailed between...
People Moves: Estée Lauder’s Burrell Joins GEICO; Olson Heads Zurich Programs; Hudnall Leads Donegal Commercial Lines
Apr 22 2022 // Estée Lauder’s Burrell Joins GEICO as Chief Marketing Officer Insurer GEICO announced Damon Burrell has joined the company as chief marketing officer. Burrell will oversee all of GEICO’s marketing...
Relation Insurance Acquires BRK in Louisiana
Apr 8 2022 // Relation Insurance Services announced it acquired the assets of Louisiana-based BRK Insurance Group. Terms of the transaction were not disclosed. BRK provides employee benefits and commercial lines insurance solutions to...
Buffett’s Berkshire Hathaway to Buy Alleghany for $11.6 Billion
Mar 21 2022 // Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire will acquire all...
Berkshire Hathaway Stock Price Reaches $500,000 in Unsettled Market
Mar 15 2022 // The share price of Warren Buffett’s Berkshire Hathaway Inc. reached $500,000 for the first time on Monday, reflecting the company’s status as a defensive stock in a market unsettled by events in Ukraine and...
5th Circuit Denies Class Certification in Louisiana GEICO Suit
Mar 1 2022 // The United States Court of Appeals for the Fifth Circuit affirmed a district court’s denial of class certification to a group of Louisiana GEICO customers who allege the insurer’s proprietary valuation system...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...
Appeals Court Finds GEICO Did Not Act in Bad Faith in Fatal Florida Crash Claim
Feb 18 2022 // In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not...
Berkshire Hathaway Invests in Ariel Re, Extends Quota Share Agreement
Jan 11 2022 // Ariel Re, the Bermuda-based reinsurer, together with Berkshire Hathaway Inc.’s wholly-owned subsidiary, National Indemnity Co. (NICO), announced a further strategic alignment between the two companies. In separate...
Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai
Nov 15 2021 // DUBAI — The General Reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life and...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany
Nov 12 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich. “BHSI is committed to building long-term...
