Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Maine Widower May Never Collect $500K Insurance Settlement
May 7 2008 // An 85-year-old Buxton, Maine man’s lawsuit against the motorist he blamed for his wife’s death has ended in a settlement totaling more than $500,000, but whether the widower ever collects the money remains to...
Berkshire Hathaway Net Off 64% on Derivatives, Insurance
May 5 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha,...
N.J. Approves Jobs, Education as Driver Rating Criteria
May 5 2008 // New Jersey insurers using education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State...
Buffett to Draw Biggest Crowd Ever for ‘Woodstock for Capitalists’
May 2 2008 // Few 77-year-olds could hold thousands of people in rapt attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps. Warren Buffett? Definitely. Buffett will be the center of attention on Saturday (May 3) at the...
New Jersey Regulators: Jobs, Education Are Sound Criteria to Rate Drivers
Apr 25 2008 // New Jersey insurers who use education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State...
Berkshire Hathaway Municipal Bond Insurer Wins Top S&P Rating
Apr 14 2008 // Billionaire Warren Buffett’s new municipal bond insurance company Friday won the top “AAA” rating from Standard & Poor’s Ratings Services, which cited the venture’s nearly $1 billion...
S&P Rates Berkshire Hathaway Assurance ‘AAA’; Outlook Stable
Apr 14 2008 // Standard & Poor’s Ratings Services has assigned its ‘AAA’ financial strength and financial enhancement ratings to Berkshire Hathaway Assurance Corp. (BHAC). S&P also assigned its...
Best Affirms GEICO’s ‘A++’ Ratings
Mar 18 2008 // To no one’s surprise A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its...
Berkshire Hathaway Enters Utah
Mar 11 2008 // Jake Garn, chief financial examiner of the Utah Insurance Department, announced that the department issued a Certificate of Authority to Berkshire Hathaway Assurance Corp. The company is authorized to sell insurance in...
Berkshire Net Down 18%; Buffett Eyes Successors, Lower Insurance Earnings Ahead
Feb 29 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday quarterly profit fell 18 percent, hurt by lower earnings from insurance underwriting and a decrease in investment gains. In his annual letter to Berkshire...
Ratings: United Fire, USI Holdings, Public Service Mutual, Berkshire Hathaway, Am. Family, Old Republic, Conseco
Feb 27 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of United Fire & Casualty Group and its five P/C members, which...
Buffett Rapidly Grows His New Municipal Insurance Arm
Feb 25 2008 // One of Warren Buffett’s newest businesses — insuring municipal bonds — is expanding rapidly into a troubled field as the company backed 112 issues in just the past two days, according to Moody’s...
Jury Rejects Cancer Patient’s Claims in Texas Railroad Tie Lawsuit
Feb 13 2008 // Jurors in Fort Worth, Texas, on Feb. 11 rejected a cancer survivor’s claim that toxic chemicals from a Texas railroad tie plant where her husband worked caused the disease that required the removal of her...
Business Moves
Feb 10 2008 // Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s...
Business Moves
Feb 10 2008 // Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s...
From Insurance to Candy
Feb 10 2008 // For former insurance pro, life really is a box of chocolates Although it’s been many years since See’s Candies President Brad Kinstler was at the helm of an insurance company, and even longer since he was...
Berkshire Hathaway Buys 3% Stake in Swiss Re; Reinsurance Pact Signed
Jan 23 2008 // Swiss Re announced today that Berkshire Hathaway has acquired a three percent stake in the company. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss...
First Cancer Lawsuit Related to Texas Railroad Tie Plant Begins
Jan 10 2008 // Owners of a Texas plant that makes railroad ties were grossly negligent in failing to provide safety equipment for workers handling toxic chemicals, a pollution prevention expert testified in the first of a flurry of...
Web Site, Ads to Help Agents Keep Mass. Auto Market Share
Jan 9 2008 // Massachusetts independent insurance agents, who now write more than 80 percent of the auto insurance market in the state, are getting some marketing help to protect that market share as they enter a new competitive rating...
Berkshire Hathaway Gets Expedited License In N.Y. for Bond Insurer
Dec 28 2007 // Berkshire Hathaway will have its municipal bond insurance company licensed in New York much quicker than normally, the New York State Insurance Dept. said Friday afternoon. Superintendent of Insurance Eric R. Dinallo said...
