All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Apr 4 2018 // Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations.The biggest fine was $30,000 against GEICO...
Mar 14 2018 // A third major automobile insurance company in the New York market has reached agreement with the New York Department of Financial Services (DFS) in compliance with the department’s final regulation prohibiting...
Mar 14 2018 // The GEICO board of directors has named Gary McKenzie regional vice president of the company’s Macon, Ga., Southeast operations, which manages policies for customers in seven states. He previously served as assistant...
Feb 26 2018 // Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate...
Feb 26 2018 // Warren Buffett’s Berkshire Hathaway’s combination of insurance entities have recorded 14 consecutive years of underwriting profit worth more than $28 billion. The Oracle from Omaha has repeatedly warned his...
Jan 29 2018 // Berkshire Hathaway GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania.The product is available through the company’s platform with a target market of one- to...
Jan 19 2018 // One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million.Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate...
Jan 10 2018 // Berkshire Hathaway Inc. on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate’s chief...
Dec 19 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has appointed Jared McGrath to head its new line of Accident & Health products in New Zealand. The product line includes Corporate Travel, Group Personal Accident and...
Dec 18 2017 // Berkshire Hathaway Inc.’s stock price touched $300,000 for the first time on Monday, reflecting investors’ confidence in Warren Buffett’s conglomerate despite four straight quarters of lower operating...
Dec 5 2017 // American International Group said Tom Bolt will join the company as chief underwriting officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and...
Nov 22 2017 // The National Transportation Safety Board has determined a broken rail probably caused the derailment of a train carrying ethanol two years ago in South Dakota.The NTSB report says BNSF Railway’s decision to defer...
Nov 6 2017 // Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in...
Nov 3 2017 // Authorities in Georgia say a man is dead after being caught in a piece of machinery at a plant in north Georgia.Whitfield County Coroner Greg Bates told The Atlanta Journal-Constitution that 51-year-old Jesus Pimentel was...
Sep 28 2017 // General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world’s fastest-growing reinsurance market.The unit plans to...
Sep 18 2017 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, approximately $606 billion of DPW was reported, a record high for the industry. For 2016,...
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Jul 26 2017 // Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America’s biggest reinsurer, IRB Brasil Resseguros SA, after an initial public offering of stock,...
Jun 21 2017 // The U.S. Supreme Court has sided with business interests in a series of cases in its current term, which began in October and is due to end next week.In 19 business-related cases that the U.S. Chamber of Commerce...
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study.We define new business yield rates as the proportion of...