Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
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...
BNSF to Appeal $1M Iowa Jury Award to Ex-Employee
Jan 23 2017 // A federal jury in Nebraska has awarded a former BNSF Railway employee from Iowa more than $1 million by in a wrongful termination lawsuit. The Lincoln Journal Star says Daniel Monohon, of Ottumwa, Iowa, was fired from a...
Survivor of Deadly Texas Train Wreck Sues BNSF Railway
Nov 28 2016 // The lone survivor of a head-on crash between two freight trains in the Texas Panhandle has filed a lawsuit seeking more than $1 million in damages. The Amarillo Globe-News reported that Derek Schilling filed the lawsuit...
BNSF in Washington to Examine Covering Coal Trains Under Agreement
Nov 23 2016 // BNSF Railway will study the use of physical covers for coal and petroleum coke trains as part of a tentative agreement reached this week with environmental groups that sued alleging that coal spilled from trains pollutes...
Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3
Nov 7 2016 // Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase...
Judge in Washington Finds Railway Could Be Liable if Spills Proven
Oct 28 2016 // A federal judge in Seattle has found that BNSF Railway could be held liable in a lawsuit claiming that coal spilled from trains pollutes waterways if environmental groups can show at trial that such discharges actually...
Berkshire Hathaway GUARD Adds Miscellaneous Professional Liability Coverage
Oct 27 2016 // Berkshire Hathaway GUARD Insurance Companies has launched a miscellaneous professional liability policy in New Jersey with expansion into a half dozen more states by the end of 2016. The company’s new product is a...
GEICO Expands Ridesharing Product to 10 Additional States
Oct 10 2016 // GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24...
Rail Lines in Minnesota Getting Automatic Braking Technology
Oct 6 2016 // New safety technology that may have prevented last week’s deadly train crash in New Jersey is being implemented along some rail lines in Minnesota and elsewhere. The new technology, known as positive train control,...
Supreme Court Denies GEICO Appeal on Claims Investigators’ Overtime Pay
Oct 3 2016 // The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co.’s appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators after the...
Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
Berkshire Accused of Stealing Workers’ Comp Premiums in Manhattan Lawsuit
Sep 12 2016 // New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal scheme to steal workers’ compensation premiums. A complaint against Berkshire...
People – East
Aug 22 2016 // The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance firms, has announced the September resignation of Andrew S. Robinson, executive vice president and...
GEICO Set to Expand Western New York Operations, Add 600 Jobs
Aug 11 2016 // GEICO is planning to expand its regional operations office in Western N.Y. in a move that it expects will bring more than 600 new jobs to the region, the company announced. The firm is set to open an additional facility in...
Improved Insurance Results Boost Berkshire Hathaway Q2
Aug 8 2016 // Berkshire Hathaway Inc. on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp., Warren Buffett’s...
Business Moves
Aug 8 2016 // World Insurance Associates, AIV Group World Insurance Associates, an independent insurance agency based in Tinton Falls, N.J., has acquired AIV Group, an insurance agency serving the Asian community. AIV Group, in...
Company Sued in North Dakota Train Derailment Wants Case Moved
Aug 1 2016 // A Pennsylvania steel company named in a lawsuit over an oil tanker train derailment near Casselton, N.D., more than two years ago wants the case moved from state to federal court. An attorney for Standard Steel made the...
Berkshire Hathaway Purchasing New York Medical Liability Insurer
Jul 18 2016 // Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company...
Buffett Gives $2.8 Billion in Shares to Charities Including Gates Foundation
Jul 15 2016 // Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has donated another roughly $2.86 billion of his holdings in the company’s stock to the Bill & Melinda Gates Foundation and four family...
