Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Keynote: Auto Insurance Web Sites Main Consumer Source for Quotes
May 24 2005 // New competitive intelligence from Keynote Systems, The Internet Performance Authority, reported that the Web is the primary resource for auto insurance consumers with 87 percent visiting sites with the intention of...
Fitch Gives Berkshire Hathaway New $1.5B Debt ‘AAA’; Negative Outlook
May 12 2005 // Fitch Ratings has assigned ‘AAA’ ratings to two new issues of debt from Berkshire Hathaway Finance Corporation (BHFC), a wholly owned subsidiary of Berkshire Hathaway Inc. (Berkshire). The newly rated debt...
GE Med-Mal Unit Sold to Berkshire’s National Indemnity; S&P, Best Comment
May 9 2005 // In a joint bulletin General Electric and Berkshire Hathaway announced that GE Insurance Solutions has entered into a letter of intent for the sale of Medical Protective Corporation (MedPro), a professional liability...
Finite Reinsurance Probes Appear Infinite
May 9 2005 // Investigators’ interest in finite reinsurance transactions goes well beyond the five-year old agreement between American International Group and Berkshire Hathaway’s General Re that has been targeted by New...
Fitch Moves Berkshire Hathaway’s Outlook to Negative
Apr 19 2005 // Fitch Ratings has revised the Rating Outlook to Negative from Stable on the ‘AAA’ long-term issuer and unsecured senior debt ratings of Berkshire Hathaway Inc. (Berkshire) and its wholly-owned subsidiary GEICO...
How to Float to the Top and Other Words of Wisdom
Apr 4 2005 // Berkshire Hathaway’s Buffett on Insurance Economics, 2004 Results By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s...
Berkshire Hathaway’s Buffett Responds to Press Reports Over General Re and Other Probes
Mar 30 2005 // Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett has acknowledged that he will voluntarily speak with investigators next month while also moving to correct several press reports concerning the ongoing...
Berkshire Hathaway Chairman Warren Buffett on Insurance Economics and 2004 Results
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
Warren Buffett Praises N.J. Auto Insurance Market Turnaround and Outgoing Chief Bakke
Mar 7 2005 // Star mogul Warren E. Buffett loves New Jersey, at least its auto insurance market. In his annual letter to shareholders of Berkshire Hathaway Inc. of which he is chairman, Buffett has high praise for the turnaround in the...
General Re Receives Subpoena from N.Y. AG
Jan 7 2005 // General Re Corporation, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced the company has received a subpoena from the New York State Attorney General for documents and information relating to...
GEICO TO CUT N.Y. RATES:
Jan 3 2005 // New York Superintendent of Insurance Gregory Serio announced that GEICO auto insurance customers will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a typical policyholder....
N.Y. Insurance Department to Approve 6% Auto Rate Drop for GEICO Customers
Dec 16 2004 // New York Superintendent of Insurance Gregory Serio announced on Thursday that GEICO auto insurance customers in New York State will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a...
Judge Offers Decision in GEICO, Google Dispute
Dec 15 2004 // The use of the GEICO trademark to trigger Google paid ads that include the GEICO name reportedly violate the federal trademark laws. The judge presiding over the lawsuit filed by GEICO against Google Inc. ruled Wednesday...
GEICO Expansion Creates Jobs in Buffalo
Sep 14 2004 // Last month, New Jersey state officials announced that GEICO is now selling private passenger automobile insurance in the state through the company’s Web site, geico.com. This was good news not only for New Jersey...
MARYLAND UPHOLDS PIP WAIVER:
Aug 23 2004 // A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of...
GEICO Returns to N.J. Auto Market
Aug 16 2004 // New Jersey state officials this morning announced that GEICO has “good news” for state residents. Beginning today GEICO will be selling private passenger automobile insurance in the state. “This is a very...
Md. Appeals Court Backs Insurer in PIP Waiver Case
Aug 3 2004 // A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of...
Sacramento Mortgage Broker Arrested in Alleged Auto Insurance Scam
Jul 7 2004 // Jesse L. Jackson, 34, of Sacramento, was arrested at his residence June 28 and booked into the county jail on two felony counts of insurance fraud and one count of attempted grand theft. His arrest is the result of an...
Best Affirms General Re Group Ratings of ‘A++’
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
Best Affirms GEICO’s ‘A++’ Rating
Jun 14 2004 // A.M. Best Co. announced that it “has affirmed GEICO’s “A++” (Superior) financial strength rating, and its “aaa” debt rating for the company’s existing debt securities. The outlook...
