Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance
May 7 2019 // Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the electric car maker could offer a more compelling insurance product than traditional...
BNSF Ordered to Pay $1M More in Montana Wrongful Termination Lawsuit
May 1 2019 // A federal judge has ordered BNSF Railway to pay an additional $1 million after reaffirming a $2.1 million jury award in a Montana man’s wrongful termination lawsuit. The Flathead Beacon reported that Judge Dana...
Not All Analysts Still See Berkshire Hathaway As a Buy
Apr 30 2019 // Two longtime analysts of Berkshire Hathaway Inc. appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder...
Berkshire Hathaway GUARD Launches Commercial Package in Pennsylvania
Apr 5 2019 // Berkshire Hathaway GUARD Insurance Companies has launched a new commercial package product in Pennsylvania. The new offering includes: commercial property with limits up to $120 million per location with an enhanced causes...
Berkshire Hathaway’s Vice Chairmen Jain, Abel Each Made $18 Million in 2018
Mar 18 2019 // Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to...
Berkshire Hathaway Insurance Group Forms Irish Subsidiary in Preparation for Brexit
Mar 5 2019 // Berkshire Hathaway Insurance Group announced that Berkshire Hathaway European Insurance DAC (BHEI) has been granted a license to operate as an insurer in the Republic of Ireland and the European Economic Area (EEA). Based...
Supreme Court Rules Railroad’s Payments to Injured Workers for Lost Wages Are Taxable
Mar 4 2019 // The Supreme Court has ruled that payments to injured employees for lost wages by a railway company are taxable under the Railroad Retirement Tax Act (RRTA). The opinion in BNSF Railway Co. vs. Loos by Justice Ruth Bader...
Berkshire Hathaway GUARD Adds Commercial Package Product
Mar 1 2019 // Berkshire Hathaway GUARD Insurance Companies is adding a commercial package product that will include coverages for property, general liability, umbrella, and employment-related practices liability insurance (EPLI). The...
Berkshire Hathaway Sale of Applied Underwriters Said Due to ‘Channel Conflict’
Feb 27 2019 // In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation...
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
GEICO’s Nicely Quietly Retired as CEO; Roberts at Helm
Feb 25 2019 // Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.’s GEICO insurance unit. The letter also offered some perhaps surprising news:...
Florida Deputy Arrested for Filing False Auto Claim with GEICO
Feb 25 2019 // A deputy with the sheriff’s office in Orange County, Fla., has been arrested after he allegedly filed a false and fraudulent automobile insurance claim with GEICO Insurance Co., according to a statement from the...
Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters
Feb 22 2019 // Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The...
Berkshire Hathaway’s New ‘THREE’ Policy Seeks to Simplify Small Business Insurance
Feb 12 2019 // Berkshire Hathaway’s Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate’s legendary chairman has endorsed it. The product,...
Judge Lets Berkshire Hathaway’s Dairy Queen Sue Over ‘Blizzard’ Trademark
Jan 11 2019 // A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc., may pursue its lawsuit to stop W.B. Mason Co. from selling “Blizzard” bottled spring...
GEICO Promotes Pusateri to Vice President of Marketing
Dec 21 2018 // Giant auto insurer GEICO has promoted Joe Pusateri to vice president of marketing Pusateri previously served as an assistant vice president in marketing; in that role, which he assumed last year, he oversaw analytics,...
Montana Man Awarded $2.1M in Lawsuit Against BNSF
Nov 13 2018 // A federal court jury has awarded a Montana man more than $2.1 million in a wrongful termination lawsuit against BNSF Railway following an on-the-job injury. Zachary Wooten, of Columbia Falls, sued BNSF alleging the company...
Berkshire Hathaway Insurance Underwriting Gains in 3Q
Nov 5 2018 // Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter,...
2 Recent Florida Supreme Court Rulings Could Impact Industry
Oct 15 2018 // Two recent decisions from the Florida Supreme Court that reversed rulings by the same District Court of Appeal will have a serious impact on the insurance industry. The consequential rulings came on Sept. 20, 2018 in the...
New York’s MLMIC Insurance Company Joins Berkshire Hathaway Family of Companies
Oct 8 2018 // MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company...
