Warren Buffett’s Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association’s men’s basketball tournament. The prize will be paid in …
Berkshire Hathaway GUARD Insurance Companies (formerly known as GUARD Insurance Group) has begun offering its business owners policy (BOP) and umbrella coverage in California. The company already has a presence in the state offering workers’ compensation with a premium total …
Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn’t investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an estimate from Barclays Plc, …
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the group include Warren Buffett’s Berkshire Hathaway Inc., …
Berkshire Hathaway Specialty Insurance has introduced business crisis event cost coverage, which extends its casualty and healthcare lead umbrella policies to cover costs incurred to manage a business crisis, including the fees of a crisis management consulting firm. The new …
Billionaire investor Warren Buffett joined in a ceremony that marked the opening of a new customer service center for the Geico insurance company in suburban Indianapolis that’s expected to have as many as 1,200 workers within a few years. Buffett’s …
Auto insurer GEICO said it will host two job fairs for auto damage adjusters in Pennsylvania on July 16 and 18. On Tuesday, July 16, the first job fair will be held at Double Tree Hotel in Green Tree, located …
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), based in Chevy Chase, Maryland. Best also affirmed the ICR of “aaa” …
Berkshire Hathaway’s Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has commenced operations, underwriting property, casualty, professional and executive liability insurance and programs for customers in the U.S. “It’s official: We are moving into commercial insurance …
Peter Eastwood, who left American International Group Inc. with three other executives in April to start a new insurer at Warren Buffett’s Berkshire Hathaway Inc., said he’s finding it easy to attract staff. Berkshire Hathaway Specialty Insurance had 40 employees …
