Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
People Moves: Estée Lauder’s Burrell Joins GEICO; Olson Heads Zurich Programs; Hudnall Leads Donegal Commercial Lines
Apr 22 2022 // Estée Lauder’s Burrell Joins GEICO as Chief Marketing Officer Insurer GEICO announced Damon Burrell has joined the company as chief marketing officer. Burrell will oversee all of GEICO’s marketing efforts....
Relation Insurance Acquires BRK in Louisiana
Apr 8 2022 // Relation Insurance Services announced it acquired the assets of Louisiana-based BRK Insurance Group. Terms of the transaction were not disclosed. BRK provides employee benefits and commercial lines insurance solutions to...
Buffett’s Berkshire Hathaway to Buy Alleghany for $11.6 Billion
Mar 21 2022 // Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire will acquire all...
Berkshire Hathaway Stock Price Reaches $500,000 in Unsettled Market
Mar 15 2022 // The share price of Warren Buffett’s Berkshire Hathaway Inc. reached $500,000 for the first time on Monday, reflecting the company’s status as a defensive stock in a market unsettled by events in Ukraine and...
5th Circuit Denies Class Certification in Louisiana GEICO Suit
Mar 1 2022 // The United States Court of Appeals for the Fifth Circuit affirmed a district court’s denial of class certification to a group of Louisiana GEICO customers who allege the insurer’s proprietary valuation system...
Berkshire’s GEICO Posts 2021 Profit Much Lower Than 2020
Feb 28 2022 // Although Berkshire Hathaway’s biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate’s insurance and reinsurance operations saw pretax...
Appeals Court Finds GEICO Did Not Act in Bad Faith in Fatal Florida Crash Claim
Feb 18 2022 // In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not...
Berkshire Hathaway Invests in Ariel Re, Extends Quota Share Agreement
Jan 11 2022 // Ariel Re, the Bermuda-based reinsurer, together with Berkshire Hathaway Inc.’s wholly-owned subsidiary, National Indemnity Co. (NICO), announced a further strategic alignment between the two companies. In separate...
Berkshire Hathaway General Reinsurance Unit Launches Mideast Office in Dubai
Nov 15 2021 // DUBAI — The General Reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life and...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany
Nov 12 2021 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already has offices in Cologne and Munich. “BHSI is committed to building long-term...
BNSF Railway Joins Legal Fight Against Unions Over Vaccine Mandate
Nov 10 2021 // Another major railroad has gone to court to determine whether it has the authority to require all its employees to get vaccinated against the coronavirus. BNSF Railway filed a lawsuit in Illinois federal court against its...
Berkshire Hathaway Insurance Losses Continued in Q3 on Catastrophes, Pandemic
Nov 8 2021 // Overall net income fell at giant Berkshire Hathaway in the third quarter from $30.1 billion a year ago to $10.3 billion this third quarter, reflecting losses on insurance underwriting as well as the continuing effects of...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution
Nov 2 2021 // China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing...
Missouri Woman Sues GEICO After Contracting STD During Car Sex
Nov 1 2021 // A Missouri woman is suing GEICO after contracting a sexually transmitted disease in a car insured by the company. The woman, identified in District Court documents as M.O., had a sexual relationship with the insured, M.B.,...
Berkshire Hathaway to Tender Stake in Italy’s Cattolica Under Generali Takeover Offer
Oct 22 2021 // MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy’s top...
Missouri Woman Sues GEICO After Contracting STD During Sex in Car Insured by Company
Oct 11 2021 // A Missouri woman is suing GEICO after contracting a sexually transmitted disease in a car insured by the company. The woman, identified in District Court documents as M.O., had a sexual relationship with the insured, M.B.,...
BNSF Railway Sued for Sexual Harassment at Nebraska Railyard
Sep 27 2021 // A federal lawsuit alleges women working at a Nebraska railyard were subjected to sexual harassment and managers failed to do anything about it, in violation of federal law. BNSF Railway Company (BNSF), a major North...
GEICO Put a Dent in Berkshire Hathaway Results for Q2
Aug 9 2021 // Berkshire Hathaway’s insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate’s GEICO unit dragged down...
French Court Refuses to Dismiss Fire Charges Against Buffett-Owned Lubrizol
Jun 30 2021 // A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire at a plant in Rouen quashed because of alleged irregularities in the investigation, a lawyer for the...
Berkshire Hathaway Looks to Be Buying Back More of Its Own Stock
Jun 25 2021 // Warren Buffett’s Berkshire Hathaway Inc. appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. Edward Jones...
