Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
Mar 16 2023 // Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case
Mar 16 2023 // A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S....
Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing
Feb 27 2023 // Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost enough to counterbalance the deteriorating results from the...
Navajo Company Sues BNSF Railway Over Coal Transportation
Dec 22 2022 // One of the largest coal producers in the United States has sued a major freight railroad, alleging it breached a contract to transport coal from Montana for use overseas. The Navajo Transitional Energy Co. alleges that...
GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance
Dec 15 2022 // GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise...
Virginia Court Reverses, Rules for Single Limit in GEICO Uninsured/Underinsured Case
Dec 8 2022 // An auto insurance policy that includes coverage for both uninsured and underinsured motorists does not require the insurer to pay the policy limits twice, the Virginia Supreme Court ruled. The high court reversed a ruling...
People Moves: Berkshire Hathaway Promotes Pair; Encova Foundation Adds Moore
Dec 5 2022 // Berkshire Hathaway Specialty Insurance Promotes Two U.S. Executive & Professional Lines Leaders Berkshire Hathaway Specialty Insurance has promoted two members on its U.S. executive and professional lines team in...
People Moves: GEICO’s Measley Joins Plymouth Rock; Burns & Wilcox Adds Chappie in Pittsburgh
Oct 21 2022 // Plymouth Rock Names GEICO’s Measley Chief Claims Officer Plymouth Rock Assurance Corp. has appointed Paul Measley as its chief claims officer. Measley joins Boston, Massachusetts-based Plymouth Rock from GEICO and is...
Berkshire Hathaway and Alleghany Corp. Receive Regulatory Approvals for Merger
Oct 17 2022 // Warren Buffett’s Berkshire Hathaway Inc. and Alleghany Corp. announced that all regulatory approvals relating to the proposed $11.6 billion acquisition of Alleghany by Berkshire Hathaway have been received. The deal...
People Moves: AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland
Sep 27 2022 // This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy...
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble
Aug 8 2022 // The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire...
Reports: GEICO Closing All Offices in California
Aug 1 2022 // GEICO is closing all of its offices in California, according to reports. The company shut down all of its 38 offices in the state and hundreds of GEICO workers are being laid off, the news website SFGate is...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
Jul 19 2022 // With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing and underwriting...
Analysis: State Farm Wins Again With Better J.D. Power Scores Than GEICO
Jul 18 2022 // When Warren Buffett told Berkshire Hathaway investors that State Farm continues to dominate the large auto insurance carrier landscape during this year’s annual meeting, he was referring to scale rather than customer...
Buffett’s Dairy Queen Loses Lawsuit Over ‘Blizzard’ Name
Jun 22 2022 // A federal judge ruled that Dairy Queen cannot stop W.B. Mason Co from selling “Blizzard” bottled spring water, the same name the unit of Warren Buffett’s Berkshire Hathaway Inc BRKa.N uses for a popular...
Berkshire Hathaway Specialty Insurance Introduces D&O Insurance Policy in France
Jun 14 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has introduced a proprietary directors & officers insurance policy in France. “Our new D&O liability policy provides companies and their management...
Alleghany Stockholders Approve Sale to Buffett’s Berkshire Hathaway
Jun 9 2022 // Alleghany Corp. on June 9 said its stockholders approved and adopted Berkshire Hathaway’s offer to buy the company for $11.6 billion. “We are pleased our stockholders have overwhelmingly voted to support this...
Berkshire Hathaway Specialty Insurance Opens Office in Lyon, France
Jun 2 2022 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has further expanded its presence in Europe with an office in Lyon, France. “As we continue to grow steadily across Europe, the time is right to expand with...
Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism
May 4 2022 // Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also wanted to know...
Several Rail Cars Burn After BNSF Train Derails in North Dakota
May 3 2022 // Several rail cars caught fire after at least 11 cars of a BNSF train derailed near Burlington, North Dakota early Sunday, but no injuries were reported. The railroad said in a statement that the train derailed between...
