Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
When Insurance Companies Fail at the Promise
Aug 28 2019 // I read an article last week about the intersection of gig work, an innocent injured party, insurance, and big business. Let me summarize the best I can. A driver is in traffic and is suddenly hit by another driver, who was...
Berkshire Hathaway’s Insurance Underwriting Profit Fell in Q2
Aug 5 2019 // Giant conglomerate Berkshire Hathaway saw its total insurance underwriting profit in the second quarter fall 63% to $353 million from $943 million in the second quarter of last year. Compared to the same period last year,...
Berkshire Hathaway’s Q2 Reflects Slowing Economy, Trade Policy
Aug 5 2019 // Berkshire Hathaway Inc. on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by...
GEICO Gets Progressive, Joins Auto Insurers Offering Telematics
Aug 5 2019 // Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few...
Berkshire Hathaway GUARD Expands Commercial Auto into Delaware, Kentucky, D.C.
Jul 19 2019 // Berkshire Hathaway GUARD Insurance Companies have expanded its commercial automobile product into Delaware, Kentucky, and the District of Columbia. The company’s policy is designed for local and intermediate travel...
Berkshire Hathaway’s Applied Underwriters Settles Workers’ Comp Dispute with New York
Jul 19 2019 // Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who...
Berkshire Hathaway’s Leeks Joins Everest Insurance as Lloyd’s Syndicate Underwriter
Jul 9 2019 // Everest Insurance International announced the addition of Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter. Leeks will be responsible for the development...
Sale of Applied Underwriters Still Under Review; Cayman Islands Insurer Likely Involved
Jul 1 2019 // It appears that the Berkshire Hathaway workers’ compensation unit Applied Underwriters is being sold in a large acquisition, which likely involves Cayman Islands-based United Insurance Co. A spokesman for the Applied...
State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs
Jun 19 2019 // The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip...
States Reviewing Proposed Sale of Workers’ Comp Specialist Applied Underwriters
Jun 19 2019 // A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department of Insurance is reviewing an application for the sale of the Calif.-based...
GEICO Helps Boost Berkshire Hathaway’s Q1 Profit
May 7 2019 // Berkshire Hathaway Inc. on Saturday said gains in its stock investments were behind its good first-quarter profit. Better results from its GEICO auto insurer and BNSF railroad units boosted operating results. The...
Buffett Has Eyes on Competitor Progressive, Not Car Makers Entering Insurance
May 7 2019 // Berkshire Hathaway Chair Warren Buffett said he isn’t worried about recent assertions by Tesla Chief Executive Elon Musk that the electric car maker could offer a more compelling insurance product than traditional...
BNSF Ordered to Pay $1M More in Montana Wrongful Termination Lawsuit
May 1 2019 // A federal judge has ordered BNSF Railway to pay an additional $1 million after reaffirming a $2.1 million jury award in a Montana man’s wrongful termination lawsuit. The Flathead Beacon reported that Judge Dana...
Not All Analysts Still See Berkshire Hathaway As a Buy
Apr 30 2019 // Two longtime analysts of Berkshire Hathaway Inc. appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder...
Berkshire Hathaway GUARD Launches Commercial Package in Pennsylvania
Apr 5 2019 // Berkshire Hathaway GUARD Insurance Companies has launched a new commercial package product in Pennsylvania. The new offering includes: commercial property with limits up to $120 million per location with an enhanced causes...
Berkshire Hathaway’s Vice Chairmen Jain, Abel Each Made $18 Million in 2018
Mar 18 2019 // Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to...
Berkshire Hathaway Insurance Group Forms Irish Subsidiary in Preparation for Brexit
Mar 5 2019 // Berkshire Hathaway Insurance Group announced that Berkshire Hathaway European Insurance DAC (BHEI) has been granted a license to operate as an insurer in the Republic of Ireland and the European Economic Area (EEA). Based...
Supreme Court Rules Railroad’s Payments to Injured Workers for Lost Wages Are Taxable
Mar 4 2019 // The Supreme Court has ruled that payments to injured employees for lost wages by a railway company are taxable under the Railroad Retirement Tax Act (RRTA). The opinion in BNSF Railway Co. vs. Loos by Justice Ruth Bader...
Berkshire Hathaway GUARD Adds Commercial Package Product
Mar 1 2019 // Berkshire Hathaway GUARD Insurance Companies is adding a commercial package product that will include coverages for property, general liability, umbrella, and employment-related practices liability insurance (EPLI). The...
Berkshire Hathaway Sale of Applied Underwriters Said Due to ‘Channel Conflict’
Feb 27 2019 // In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation...
