Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
NTSB Cites Broken Rail in 2015 Derailment in South Dakota; BNSF Says Changes Made
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...
Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake
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...
Worker Killed at Berkshire Hathaway Manufacturing Subsidiary in Georgia
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...
Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market
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...
P/C Direct Premium Written Up 4.5 Percent
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,...
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
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,...
Berkshire Hathaway Eyes Buying Stake in IRB Brasil Resseguros: Sources
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,...
Businesses Come Out on Top in Current Supreme Court Term
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...
How Advertising Spend, Underwriting Results Relate to Auto Insurers’ New Business Yield: J.D. Power
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...
Supreme Court Limits Where Injury Lawsuits Against Firms Can Be Brought
May 30 2017 // The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case involving...
Berkshire Hathaway Goes Small with biBERK Online Commercial Site
May 10 2017 // It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc., or even its insurance operations, as “very, very small.” But that’s how a senior executive describes biBERK, a...
Insurance Losses Erode Berkshire Hathaway Q1 Profit
May 7 2017 // Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating...
Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO
Apr 17 2017 // You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage...
Third Point Re Names Berkshire Hathaway’s Govrin to U.S. Underwriting Post
Apr 12 2017 // David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd. Govrin brings 25 years of experience in the insurance industry to his new role. Prior to...
Berkshire Hathaway Specialty Sues Goodyear Over Asbestos Claims
Apr 7 2017 // An insurance unit of Warren Buffett’s conglomerate Berkshire Hathaway Inc. said it has sued Goodyear Tire & Rubber Co to avoid having to cover asbestos-related injury claims that Goodyear said nothing about for...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch
Mar 30 2017 // U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry...
Berkshire Hathaway Employee Wins $100K in March Madness Contest
Mar 21 2017 // Berkshire Hathaway Inc. said that a Berkshire factory worker from West Virginia was the winner of its 2017 Bracket Contest. The contest winner will be receiving the winning prize of $100,000 as a result of correctly...
Berkshire Opposes Political Contribution Disclosure, Fossil Fuel Divestment Proposal
Mar 20 2017 // Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world’s second-richest person safe. Buffett’s pay was...
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Feb 27 2017 // Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor...
Defective Axle Blamed Fiery 2013 Derailment in North Dakota
Feb 9 2017 // A defective axle broke and caused a 2013 train derailment that led to a series of explosions just a quarter-mile outside a small North Dakota town, the National Transportation Safety Board said Tuesday. A BNSF train...
