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% return. In his annual letter to …
Federal and state investigators are looking into a deal between American International Group Inc. and Berkshire Hathaway Inc.’s General Reinsurance unit in part because of the alleged involvement of AIG’s chairman and chief executive, The Wall Street Journal said on …
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 state’s auto …
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 non-traditional or loss mitigation insurance products, which the company …
Berkshire Hathaway, the longtime and phenomenally successful investment company run by Warren Buffett, and its insurance divisions, General Re, National Indemnity, GEICO and others, will soon have the benefit of the experience and advice, of America’s two wealthiest individuals. On …
The re-entrance of Geico into the New Jersey auto insurance market last week may not significantly affect state residents who already have difficulty getting policies, some consumer advocates contend. The state agreed to allow Geico to consider consumer credit scores …
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 exciting time for GEICO,” said Tony Nicely, GEICO …
Nothing succeeds like success, and Lloyd’s recent successes have apparently attracted the attention of the world’s premier investor, Berkshire Hathaway’s Warren Buffett. Berkshire is sitting on a mountain of cash, some $34 billion. Although no official announcement has yet been …
The Insurance Industry Charitable Foundation (IICF) held its annual benefit gala on May 7, 2004, at the Asian Art Museum in San Francisco. The gala hosted nearly 400 insurance industry representatives for an elegant evening, which included a silent auction, …
Berkshire Hathaway Inc., the investment holding company headed by Warren Buffett, has agreed to exercise all of its warrants to purchase common shares of Bermuda-based White Mountains Insurance Group Ltd., giving it a 16 percent stake in the company. Berkshire …
