Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire Hathaway Hires Two Sr. Execs from AIG Asia – WSJ Report
Aug 14 2014 // Berkshire Hathaway has hired two senior executives from American International Group’s Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the...
Miller Joins Berkshire Hathaway Travel Protection in Texas
Aug 4 2014 // Berkshire Hathaway Travel Protection (BHTP) expanded its national sales force by hiring Bill Miller as executive vice president – sales. He is based in Grapevine, Texas. In joining BHTP, Miller is reuniting with BHTP...
Berkshire Profit Soars; Geico, Gen Re Profits Up
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Berkshire Hathaway GUARD Adds BOP Product in Illinois
Jul 29 2014 // Berkshire Hathaway GUARD Insurance Companies (formerly known as GUARD Insurance Group) has begun offering businessowner’s policy (BOP) and umbrella coverage in Illinois. The company already has an established...
Berkshire Specialty Enters Fiduciary Liability Segment, Hires Prussack as VP
Jul 28 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort. According to Dan Fortin, senior vice president,...
Progressive Boosts Ad Spending But GEICO Still #1: SNL
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
GEICO Appoints 5 to Officer Posts Across Country
Jul 2 2014 // GEICO has announced a number of officer appointments: Michelle Trindade, vice president of the competitive advantage leadership group at the company’s corporate offices in Chevy Chase, Maryland, Kevin Kawa, assistant...
Ratings Recap: Berkshire Hathaway Homestate, Rural Community, Imperial Fire
Jun 30 2014 // A.M. Best has affirmed the financial strength rating of ‘A++’ (Superior) and the issuer credit ratings of “aa+” of Omaha-based Berkshire Hathaway Homestate Insurance Company, and its five property...
Best Affirms GEICO and GEICO Corp. Members Ratings; Outlooks Stable
Jun 13 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aaa” of the members of Government Employees Group (GEICO), based in Chevy...
Berkshire Hathaway Specialty Jumps Into Surety with Zurich’s Delisio
Jun 12 2014 // Continuing with its rapid expansion, Berkshire Hathaway Specialty Insurance is moving into the surety market, focusing on contract surety business. The company has appointed Geoff Delisio as senior vice president of...
Best Affirms Ratings of National Indemnity, Other Berkshire Hathaway Units
May 23 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of National Indemnity Company and its affiliates, and the FSR of...
Berkshire Hathaway Specialty Insurance Enters Travel Insurance Business
May 20 2014 // Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel...
Mass. Fines GEICO for Accident Report Inconsistencies
May 19 2014 // The Massachusetts Division of Insurance (DOI) announced on May 1 it reached an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state...
Investigation Finds Inspections Lacking for Rail Tanker Cleaning
May 12 2014 // Federal inspectors responsible for workplace safety appear not to know which firms and how many firms handle the dangerous task of cleaning the inside of railroad tankers that carry petrochemicals, a Houston Chronicle...
Railroads Now Required to Alert States When Shipping Oil
May 8 2014 // The U.S. Transportation Department issued an emergency order designed to reduce the risks of transporting crude from North Dakota’s booming Bakken region by rail, a week after an oil train derailed and burned in...
Berkshire Hathaway 1Q P/C Re/Insurance Results Down from Last Year
May 5 2014 // Berkshire-Hathaway’s primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent drop in operating...
GEICO Making Gains Across the Country: SNL Financial
May 5 2014 // GEICO Corp. beat out its competitors in premium growth in 2013 and reported one of the best underwriting margins among the top 20 U.S. auto insurers. According to a report by SNL Financial, GEICO’s direct personal...
BNSF Settles Lawsuit with Montana City Over Contamination
May 5 2014 // BNSF Railway has settled a lawsuit filed by landowners living near a former railroad tie treatment plant near Somers, Mont. BNSF spokesman Matt Jones told the Flathead Beacon the settlement reached last month calls for the...
Massachusetts Fines GEICO $275K for Accident Reporting Inconsistencies
May 2 2014 // Massachusetts Insurance Commissioner Joseph Murphy announced Thursday an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies...
Speculation on Buffett’s Successor Heats Up Before Berkshire Annual Meeting
May 1 2014 // Two years ago, Warren Buffett, then 81, announced that the Berkshire Hathaway Inc. board had chosen his successor as chief executive officer. The board, he said, also had two backups, but all three names were to remain a...
