Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
ING to Sell Reinsurance Unit to Berkshire Hathaway
Dec 28 2007 // The Netherlands ING Group announced that it has reached an agreement with Berkshire Hathaway to sell its reinsurance unit NRG N.V. for approximately €300 million ($440 million). ING said the sale is part of its...
Ratings Recap: Business Alliance, Berkshire Hathaway, Pathfinder, Trinity Universal, Assured Guaranty
Dec 17 2007 // A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B++’ (Good) and issuer credit rating to “bb” from “bbb” of Business Alliance Insurance Company...
Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
Oct 3 2007 // Starr International Co. Inc. announced its U.S. subsidiary, Starr International USA Inc. (SICO USA), acquired Republic Insurance Co. from Columbia Insurance Co., a member of Warren Buffett’s Berkshire Hathaway...
Mont. Jury Awards Former BNSF Employee $1 Million in Injury Damages
Sep 28 2007 // A Montana District Court jury has awarded a former BNSF Railway employee more than $1 million for a neck injury he suffered while working. Paul Roney, 61, of Shelby, said he sustained a severe neck injury on April 25,...
Calif. approves Geico rate reduction
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
Calif. approves Geico rate reduction
Sep 3 2007 // The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for...
GEICO Cuts N.J. Auto Rates
Aug 30 2007 // GEICO is reducing auto insurance rates for its policyholders in New Jersey by a statewide average rate decrease of 4.1 percent. GEICO said its decrease represents $30.8 million in savings for its New Jersey policyholders,...
Ratings Roundup: American Federated; Berkshire Hathaway Homestate
May 23 2007 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to “B+” (Good) from “B” (Fair) and assigned issuer credit ratings (ICR) of “bbb-” to American Federated Insurance Company...
Berkshire Hathaway 1Q Net Income Up 12%; Equitas Deal Boosts Insurance
May 8 2007 // Billionaire Warren Buffett’s holding company reported Friday that its net income jumped 12 percent during the first quarter because of strong performances in its insurance and utility divisions. Berkshire Hathaway...
At Buffet’s Diversified Berkshire Hathaway, Insurance Still #1
May 4 2007 // The mix of companies and investments billionaire Warren Buffett’s company holds makes some people think investing in Berkshire Hathaway Inc. is a bit like buying shares of a mutual fund that emphasizes insurance. But...
Business Moves
Apr 23 2007 // The Hartford, Berkshire Hathaway, First State The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway...
The Hartford, Berkshire Hathaway Join Forces on Surplus Lines
Apr 11 2007 // The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway group of insurance companies to offer expanded...
Equitas Completes Reinsurance Deal with Berkshire Hathaway
Mar 28 2007 // Equitas, the run-off vehicle established by Lloyd’s in 1996 to handle 1992 and prior years’ non-life liabilities, has completed its reinsurance transaction with National Indemnity Company, a member of the...
GEICO Adds 100 Jobs in Iowa
Mar 6 2007 // GEICO Insurance plans to add 100 workers to its Coralville, Iowa office, the company announced this week. The new jobs will be entry-level sales and service jobs, said Dina Pon, manager of GEICO insurance in Coralville....
Editor’s Note: Keeping score
Jan 28 2007 // Although 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are about notification...
13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case
Dec 27 2006 // Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Buffet’s Berkshire Hathaway Inc. Trims Ameriprise Stake to 6 Percent
Nov 15 2006 // Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Ameriprise Financial Inc. to 6 percent from 9.8 percent, according to a Monday filing with the Securities and Exchange Commission. Buffett’s firm...
News Currents
Oct 23 2006 // Berkshire Hathaway most expensive U.S. stock The most expensive stock in the United States passed a unique plateau, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed...
