Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Buffett’s Berkshire Hathaway Shores Up Bank of America with $5 Billion
Aug 26 2011 // Warren Buffett will invest $5 billion in Bank of America Corp., stepping in to shore up the largest U.S. bank in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis. Bank of...
GEICO Reduces Auto Rates in California
Jul 22 2011 // California’s insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO’s California auto insurance policyholders. The GEICO rate decrease will come into effect on...
Berkshire Joins Group Bidding for Citi Consumer Loan Unit: WSJ
Jul 6 2011 // Warren Buffett’s Berkshire Hathaway Inc. has joined the group bidding for Citigroup Inc.’s consumer lending unit, the Wall Street Journal said Wednesday, citing people familiar with the matter. Berkshire has...
Best Affirms All of GEICO’s ‘A++’ Ratings
May 31 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its property/casualty members....
Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up
Apr 25 2011 // Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of helping insurance companies inflate results or a major company he helps oversee is...
Berkshire, Buffett Sued Over Sokol’s Trades
Apr 20 2011 // Warren Buffett and the rest of Berkshire Hathaway Inc.’s board of directors were sued by a shareholder Tuesday over presumed heir apparent David Sokol’s trading in the stock of a company that was later bought...
No on D&O
Apr 4 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
No to D&O
Apr 4 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
Defining Standards in Texas for the Duty to Defend and Indemnify
Apr 1 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Leading Candidate to Succeed Berkshire’s Buffett Quits
Mar 31 2011 // The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp. before pushing Buffett to acquire it. David Sokol’s resignation...
Ratings: Berkshire Hathaway/Lubrizol; First Mercury, Mennonite
Mar 21 2011 // Standard & Poor’s Ratings Services has stated that the ratings on “Berkshire Hathaway Inc. (BRK; AA+/Stable/A-1+) and its insurance subsidiaries are unaffected by BRK’s announcement that it has agreed...
No on D&O
Mar 21 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
No to D&O
Mar 21 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
No to D&O
Mar 21 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
One Thing Is Not Another: Defining Standards for the Duty to Defend and Indemnify
Mar 21 2011 // After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to...
Business Moves
Mar 7 2011 // Lawson-Hawks, Christopher Lee Insurance Services Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., acquired Christopher Lee Insurance Services of Carmel, Calif....
Berkshire Hathaway Enters India Insurance Market
Mar 4 2011 // Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for...
No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter
Feb 28 2011 // Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire...
Berkshire Hathaway Inc. to Acquire Wesco Financial Stock
Feb 7 2011 // Berkshire Hathaway Inc. and Pasadena, Calif.-based Wesco Financial Corp. have entered into a definitive merger agreement, whereby Berkshire Hathaway will acquire the remaining 19.9 percent of the shares of Wesco’s...
Berkshire Hathaway to Buy Rest of Wesco Financial
Feb 7 2011 // Warren Buffett’s Berkshire Hathaway Inc. will buy the 19.9 percent it does not own of Wesco Financial Corp., in a deal worth about $547.6 million, the companies said Monday. In September, Buffett submitted a takeover...
