Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
NYC Comptroller Urges Major Insurance Companies to Cut Ties with Coal Industry
Apr 30 2020 // New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and...
GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses
Apr 7 2020 // More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus crisis. Auto insurer GEICO said it will give back approximately $2.5 billion in the form of a 15...
Safe Drive Systems Radar Collision Avoidance Technology is Implemented in a Pilot Conducted with Berkshire Hathaway GUARD Insurance Companies
Mar 20 2020 // New York, NY, March 20, 2020 − Safe Drive Systems (SDS), a leading developer and distributor of aftermarket advanced auto safety technologies, and its partner, Berkshire Hathaway GUARD Insurance Companies, have announced...
Buffett Says Combs Likely to Head GEICO Only Temporarily
Feb 24 2020 // Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long. Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of...
Berkshire Hathaway P/C Insurance Profit Down in 2019
Feb 24 2020 // Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from primary insurance operations...
But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol
Feb 24 2020 // In his firm’s annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called...
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into Michigan
Feb 6 2020 // Berkshire Hathaway GUARD Insurance Companies has added Michigan to the list of states where the insurer offers its Commercial Package Policy. The product includes commercial property featuring limits up to $120 million per...
Court: Insurer GEICO Must Pay Injured Kansas Man for Care Provided by Wife
Jan 24 2020 // An insurance company must reimburse a Kansas man for the personal care his wife provided after he was injured in an automobile accident, the state Supreme Court ruled in rejecting that spouses are required to provide such...
Washington Mom, Son Charged in Attempted Auto Insurance Fraud
Jan 14 2020 // Three people were charged in King County Superior Court in connection to two separate auto insurance fraud cases after investigations by Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations...
Top Workers’ Comp Story of 2019: Berkshire Hathaway’s Sale of Applied Underwriters
Jan 2 2020 // The news that Berkshire Hathaway was in talks to sell its workers’ compensation unit, Applied Underwriters, caught readers’ attention in February and was easily Insurance Journal’s biggest workers’...
Insurance Journal’s Top 10 National Stories of 2019
Jan 2 2020 // The top Insurance Journal story of the year was about a merger that never happened. On March 5, 2019 a marriage between two of the largest insurance brokers seemed to be in the works. Aon was considering a combination with...
GEICO CEO Roberts to Retire End of 2020; Berkshire Hathaway’s Combs to Succeed
Dec 23 2019 // Bill Roberts, GEICO’s president and chief executive officer, has announced that he will retire in December 2020 after 35 years with the insurer. Replacing Roberts as CEO will be Todd Combs, one of Berkshire...
Berkshire Hathaway Specialty Taps AIG’s Adams as Head of Surety, Canada
Dec 5 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global surety team with the addition of Andrew Adams as head of Surety in Canada. In this new role, Adams will establish and expand BHSI’s...
Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market
Dec 2 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s...
Court Orders California Insurance Company Conserved in Another Round in Applied Battle
Nov 5 2019 // Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court...
Berkshire Hathaway’s Q3 Profit Tops Expectations
Nov 4 2019 // Berkshire Hathaway Inc. said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s...
Applied Underwriters Responds to California Department of Insurance Effort to Halt Sale
Oct 23 2019 // Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the...
Suit Against BNSF over Missouri Railroad Crossing Crash Moved to Federal Court
Oct 9 2019 // A Kansas truck driver alleges in a lawsuit that two rail cars were “uncontrolled” when they struck his semi as he drove over a stretch of unmarked tracks in southwest Missouri in the dark. The Springfield...
Buffett-Owned Chemical Firm Lubrizol Faces Lawsuits After Fire in Rouen, France
Oct 2 2019 // More than 5,250 tonnes of chemicals, oil and fuel additives have burned in a massive fire at U.S. specialty chemical firm Lubrizol in Rouen, France, last week, the local prefecture said in a statement on Tuesday. Following...
Berkshire Hathaway GUARD Expands Commercial Package Coverage Into New Jersey
Sep 17 2019 // Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of...
