Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Jury Rules BNSF Contributed to 2 Deaths in Montana Town Exposed to Asbestos
Apr 25 2024 // A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury...
BNSF Says It Didn’t Know About Asbestos That’s Killed Hundreds in Montana Town
Apr 23 2024 // BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal...
People Moves: Berkshire Hathaway Expands U.S. Marine Business With Wyatt, Frick
Apr 17 2024 // Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance. BHSI named Ben Wyatt as head of marine and Chris Frick as head...
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts
Feb 26 2024 // Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant conglomerate are over, readers focused on...
Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration
Jan 5 2024 // Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were fraudulent medical and chiropractic service charges it paid to several clinics under New Jersey’s no-fault...
GEICO Charges New York Pharmacy, Medical Clinics With $3.7M in Prescription Fraud
Dec 12 2023 // Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault auto insurance system by submitting...
Judge Gives Early Nod to GEICO’s $5M Settlement in Georgia Class Action
Dec 8 2023 // GEICO Indemnity Co. has agreed and a federal court in Georgia has given approval to a preliminary settlement of $5.1 million in a class-action lawsuit in which plaintiffs said the insurer had shorted them on ad valorem...
Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well
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...
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
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...
Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight
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...
Warren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity
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...
BNSF Railway Wins New Trial in $228M Biometric Case
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...
GEICO to Pay $805K to Settle Overtime Wage Disputes With Claims Adjusters
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...
GEICO Suit Alleges $1.8M in Fraudulent Billings by New Jersey Healthcare Providers
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...
5th Circuit Clears Texas Class-Action Suit Against GEICO
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...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’
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...
Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story
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...
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
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...
Judge Rules BNSF Intentionally Violated Agreement with Washington Tribe
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...
Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
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...
