Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Cancer Allegations Against Railway Company in Texas to Continue
Jun 29 2009 // Although two juries have sided with BNSF Railway Co. in separate lawsuits claiming chemicals in a railroad tie plant in Central Texas caused cancer, dozens of similar lawsuits will go forward, an attorney said. Jurors...
Ratings Recap: Medical Mutual, Eastern, Kaufmann, Seaworthy
May 15 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Medical Mutual Insurance Company of...
Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett
May 4 2009 // Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,”...
Moody’s Lowers Berkshire Hathaway’s Ratings from Top Tier
Apr 9 2009 // Moody’s Investors Service cut its credit ratings on Berkshire Hathaway Inc from Aaa, the top rating, saying the recession and investment losses at insurance operations of investor Warren Buffett’s holding...
Swiss Re Finalizes Funding Agreement with Berkshire Hathaway
Mar 13 2009 // Swiss Re has announced that the “main terms of the convertible perpetual capital instrument to be issued to Berkshire Hathaway have been finalized.” The funding agreement was announced at the same time as Swiss...
Fitch Lowers Berkshire Hathaway’s ‘AAA’ Rating to ‘AA+’
Mar 13 2009 // Warren Buffett’s Berkshire Hathaway was stripped of its ‘AAA’ credit rating by Fitch Ratings, barely hours after S&P cut General Electric Co’s top-tier rating, as the global financial crisis...
Berkshire Hathaway Dogged by Derivatives, Accounting Rules
Feb 23 2009 // Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and...
GEICO Lowers Georgia Auto Rates
Jan 23 2009 // GEICO reports that it is reducing auto insurance rates in Georgia by 2.3 percent on average. The rating plan is already in effect for new policies and will be effective Feb. 8 for renewal policies. GEICO is currently the...
Strategic Planning for an Increasing Direct Writer Marketplace
Nov 16 2008 // The traditional role of an insurance agent in the sale of insurance products to potential policyholders has changed dramatically over the years. Historically, the agent was the customer’s first and only point of...
Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%
Nov 10 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives...
‘Good Students’ in Virginia Get 15% Auto Insurance Break from GEICO
Oct 29 2008 // In Virginia, drivers who are full time students between the ages of 16 and 24 could be eligible for a 10-15 percent discount from GEICO. The insurer said its discount applies if the teens meet any of these requirements: B...
Berkshire Hathaway’s Buffett Considering Purchase of AIG Assets
Sep 24 2008 // Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S....
Gas Prices Drive N.Y. Rate Decreases
Sep 1 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Insurance Weighs on Berkshire Hathaway’s 2nd Quarter Profit
Aug 11 2008 // Omaha, Neb.-based Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit as of Friday, Aug. 8 because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative...
High Gas Prices Lead GEICO to Drop New York Auto Rate Hike
Aug 7 2008 // One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving...
Ratings Recap: Hanover, Assurant, Wadena/IMT, Berkshire Hathaway, Finial
Aug 1 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance...
Florida, Berkshire Hathaway Strike $224 Million Deal on Insurance Fund
Jul 31 2008 // Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund. Gov. Charlie Crist and...
Even Buffet’s Berkshire Hathaway Finds Itself in Bear Market
Jul 14 2008 // It’s a bear market for Warren Buffett’s Berkshire Hathaway Inc., too. The shares of the billionaire’s insurance and investment company have dropped more than 20 percent from their most recent peak, the...
Best Affirms Berkshire Hathaway’s Homestate ‘A++’ Ratings
Jun 16 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Berkshire Hathaway Homestate Companies and its six P/C group...
S&P Affirms Berkshire Hathaway’s ‘AAA’ Ratings; Outlook Stable
May 7 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AAA’ counterparty credit, ‘A-1+’ commercial paper, and ‘AAA’ senior unsecured debt ratings on Berkshire Hathaway Inc....
