All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Jul 7 2004 // Jesse L. Jackson, 34, of Sacramento, was arrested at his residence June 28 and booked into the county jail on two felony counts of insurance fraud and one count of attempted grand theft. His arrest is the result of an...
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
Jun 14 2004 // A.M. Best Co. announced that it “has affirmed GEICO’s “A++” (Superior) financial strength rating, and its “aaa” debt rating for the company’s existing debt securities. The outlook...
May 27 2004 // 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...
May 27 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on GEICO Corp. and its ‘AAA’ counterparty credit and financial strength ratings on...
Apr 26 2004 // Insurance companies in New Mexico may no longer exclude family members from coverage under so-called umbrella policies, the state Supreme Court has ruled in two cases involving auto accidents.Such exclusions “are...
Apr 12 2004 // State and local Louisiana officials will be on hand to welcome GEICO when it opens its new claims service office on Tuesday, April 13, 10 a.m. Ceremonies take place at the GEICO office site: 3616 S. I-10 Service Road,...
Mar 8 2004 // Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the...
Mar 2 2004 // GEICO’s board of directors announced that it has named John Zinno as general manager of the company’s new Buffalo, N.Y. business location, and Greg Jacobi, as director of sales and service for the new...
Dec 24 2003 // GEICO and New York Governor George Pataki’s office announced that the auto insurer has selected Buffalo as the site of its second major operations center in New York.GEICO plans to develop a 250,000-square-foot...
Dec 19 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $500 million private-placement debt securities offering.BHFC is a financial subsidiary...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Oct 1 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $1.5 billion private-placement debt securities offering based on a gurantee by the...
Aug 12 2003 // Berkshire Hathaway Inc. said on Friday second-quarter profit more than doubled, helped by rising insurance rates and investment gains from U.S. government bond sales.The Omaha, Neb.-based company, whose patchwork of...
Jun 30 2003 // Lumbermens Mutual Casualty Co., flagship of Long Grove, Ill.-based Kemper Insurance Cos., today announced that it and two Berkshire Hathaway Inc. affiliates, National Indemnity Co. and National Fire & Marine Insurance...
May 13 2003 // Omaha, Neb.-based Berkshire Hathaway Inc. nearly doubled the profit of the first quarter of 2002, thanks to the hardened insurance market.Berkshire reported a net profit of $1.73 billion, or $1,127 a share, compared to...
May 5 2003 // Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever...
Feb 27 2003 // The Supreme Court of Alaska will decide whether state law requires that personal auto insurance companies include price terms when offering optional uninsured/underinsured motorist coverage limits. The court will also...
Nov 5 2002 // Bermuda-based Trenwick Group Ltd. announced that it has concluded an agreement with National Indemnity Company, a member of Warren Buffet’s Berkshire Hathaway group, to provide Trenwick’s Lloyd’s...