Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018
Feb 25 2019 // In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations...
GEICO’s Nicely Quietly Retired as CEO; Roberts at Helm
Feb 25 2019 // Warren Buffett used his annual letter to heap praise on Tony Nicely, the long-time chief executive officer of Berkshire Hathaway Inc.’s GEICO insurance unit. The letter also offered some perhaps surprising news:...
Florida Deputy Arrested for Filing False Auto Claim with GEICO
Feb 25 2019 // A deputy with the sheriff’s office in Orange County, Fla., has been arrested after he allegedly filed a false and fraudulent automobile insurance claim with GEICO Insurance Co., according to a statement from the...
Berkshire Hathaway in Talks to Sell Workers’ Compensation Unit Applied Underwriters
Feb 22 2019 // Warren Buffett’s Berkshire Hathaway Inc. is in advanced discussions to sell its Applied Underwriters workers compensation unit to a consortium of insurance firms, people familiar with the matter said on Friday. The...
Berkshire Hathaway’s New ‘THREE’ Policy Seeks to Simplify Small Business Insurance
Feb 12 2019 // Berkshire Hathaway’s Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate’s legendary chairman has endorsed it. The product,...
Judge Lets Berkshire Hathaway’s Dairy Queen Sue Over ‘Blizzard’ Trademark
Jan 11 2019 // A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc., may pursue its lawsuit to stop W.B. Mason Co. from selling “Blizzard” bottled spring...
GEICO Promotes Pusateri to Vice President of Marketing
Dec 21 2018 // Giant auto insurer GEICO has promoted Joe Pusateri to vice president of marketing Pusateri previously served as an assistant vice president in marketing; in that role, which he assumed last year, he oversaw analytics,...
Montana Man Awarded $2.1M in Lawsuit Against BNSF
Nov 13 2018 // A federal court jury has awarded a Montana man more than $2.1 million in a wrongful termination lawsuit against BNSF Railway following an on-the-job injury. Zachary Wooten, of Columbia Falls, sued BNSF alleging the company...
Berkshire Hathaway Insurance Underwriting Gains in 3Q
Nov 5 2018 // Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter,...
2 Recent Florida Supreme Court Rulings Could Impact Industry
Oct 15 2018 // Two recent decisions from the Florida Supreme Court that reversed rulings by the same District Court of Appeal will have a serious impact on the insurance industry. The consequential rulings came on Sept. 20, 2018 in the...
New York’s MLMIC Insurance Company Joins Berkshire Hathaway Family of Companies
Oct 8 2018 // MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company...
2 Recent Florida Supreme Court Rulings Could Impact Insurance Industry
Oct 2 2018 // Two recent decisions from the Florida Supreme Court that reversed rulings by the same District Court of Appeal will have a serious impact on the insurance industry. The consequential rulings came on Sept. 20, 2018 in the...
People
Oct 1 2018 // JLT Re (North America) Inc., part of the global provider of reinsurance broking and consultancy, has appointed Alain Bizet as senior vice president in Miami. Alain will join the property treaty team in Miami and focus on...
Berkshire Hathaway Specialty Opens Munich Office; Names Key Underwriters
Sep 18 2018 // Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The...
NTSB: Errors Led to Death of 2 BNSF Railroad Workers in South Dakota
Sep 10 2018 // A series of human errors led to a BNSF Railway train striking and killing two railroad workers in South Dakota last year, federal investigators said. The National Transportation Safety Board released its report on Sept. 6...
BNSF Acknowledges Iowa Derailment Was Flood Related
Aug 13 2018 // BNSF Railway has acknowledged that flooding played a role in a derailment that loosed thousands of gallons of oil into northwest Iowa floodwaters. Railroad spokesman Andy Williams wouldn’t say whether the train...
BNSF Settles Suit from Montana Derailment Agreeing to Pay $750K on Repairs
Aug 6 2018 // BNSF Railway has agreed to pay the U.S. government $200,000 and spend up to $750,000 on road repairs to settle claims that the company failed to pay for damages caused by a 2011 train derailment in northwestern Montana,...
Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017
Aug 6 2018 // This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the...
People
Aug 6 2018 // GEICO’s Board of Directors has promoted Rick Hoagland to senior vice president. Hoagland first joined GEICO in 1994 as a telephone claims representative in Fredericksburg, Md. He advanced through several positions...
Berkshire Hathaway GUARD Now Writing Accountants Professional Liability in Texas
Jul 26 2018 // Berkshire Hathaway GUARD Insurance Companies is now offering professional liability insurance for accountants in Texas. The new accountants’ professional liability product is designed to meet the needs of smaller...
