All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Nov 6 2023 // Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns – particularly the insurers – generally performed...
Oct 20 2023 // In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce.“This will allow us to become more...
Sep 21 2023 // Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon.The largest grid operator in the western...
Aug 18 2023 // Investor Warren Buffett has donated Berkshire Hathaway stock worth $27 million to an unnamed charity.Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange...
Jul 3 2023 // A U.S. judge on Friday ordered a new trial on damages against BNSF Railway in a privacy class action, in a ruling that wiped out an award of $228 million to truck drivers who accused the freight railway giant of unlawfully...
Jun 30 2023 // Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, 2022.The settlement...
Jun 30 2023 // Insurer GEICO is suing to recover more than $1.8 million in allegedly fraudulent and unlawful no-fault insurance charges it says it has paid to several New Jersey health centers since 2018.The charges were for a range of...
May 19 2023 // GEICO must defend itself against a class-action lawsuit that alleges it failed to include the cost of sales taxes and purchasing fees when it paid total loss auto collision claims in Texas, depriving policyholders of...
May 8 2023 // Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader of Berkshire’s insurance operations said the figure is not a...
Apr 25 2023 // A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s...
Apr 17 2023 // A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation.The...
Mar 30 2023 // A judge ruled that BNSF Railway intentionally violated the terms of an easement agreement with the Swinomish Indian Tribal Community in Washington by running 100-car trains carrying crude oil over the reservation.The...
Mar 16 2023 // Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a...
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law.U.S. District...
Feb 27 2023 // Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating results from the...
Dec 22 2022 // One of the largest coal producers in the United States has sued a major freight railroad, alleging it breached a contract to transport coal from Montana for use overseas.The Navajo Transitional Energy Co. alleges that...
Dec 15 2022 // GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise...
Dec 8 2022 // An auto insurance policy that includes coverage for both uninsured and underinsured motorists does not require the insurer to pay the policy limits twice, the Virginia Supreme Court ruled.The high court reversed a ruling...
Dec 5 2022 // Berkshire Hathaway Specialty Insurance Promotes Two U.S. Executive & Professional Lines LeadersBerkshire Hathaway Specialty Insurance has promoted two members on its U.S. executive and professional lines team in...
Oct 21 2022 // Plymouth Rock Names GEICO’s Measley Chief Claims OfficerPlymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is...