Latest Berkshire Hathaway Headlines
All the headlines from our Berkshire Hathaway Topic Page, ordered by recency.
Warren Buffett Praises N.J. Auto Insurance Market Turnaround and Outgoing Chief Bakke
Mar 7 2005 // Star mogul Warren E. Buffett loves New Jersey, at least its auto insurance market. In his annual letter to shareholders of Berkshire Hathaway Inc. of which he is chairman, Buffett has high praise for the turnaround in the...
General Re Receives Subpoena from N.Y. AG
Jan 7 2005 // General Re Corporation, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced the company has received a subpoena from the New York State Attorney General for documents and information relating to...
GEICO TO CUT N.Y. RATES:
Jan 3 2005 // New York Superintendent of Insurance Gregory Serio announced that GEICO auto insurance customers will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a typical policyholder....
N.Y. Insurance Department to Approve 6% Auto Rate Drop for GEICO Customers
Dec 16 2004 // New York Superintendent of Insurance Gregory Serio announced on Thursday that GEICO auto insurance customers in New York State will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a...
Judge Offers Decision in GEICO, Google Dispute
Dec 15 2004 // The use of the GEICO trademark to trigger Google paid ads that include the GEICO name reportedly violate the federal trademark laws. The judge presiding over the lawsuit filed by GEICO against Google Inc. ruled Wednesday...
GEICO Expansion Creates Jobs in Buffalo
Sep 14 2004 // Last month, New Jersey state officials announced that GEICO is now selling private passenger automobile insurance in the state through the company’s Web site, geico.com. This was good news not only for New Jersey...
MARYLAND UPHOLDS PIP WAIVER:
Aug 23 2004 // A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of...
GEICO Returns to N.J. Auto Market
Aug 16 2004 // New Jersey state officials this morning announced that GEICO has “good news” for state residents. Beginning today GEICO will be selling private passenger automobile insurance in the state. “This is a very...
Md. Appeals Court Backs Insurer in PIP Waiver Case
Aug 3 2004 // A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of...
Sacramento Mortgage Broker Arrested in Alleged Auto Insurance Scam
Jul 7 2004 // Jesse L. Jackson, 34, of Sacramento, was arrested at his residence June 28 and booked into the county jail on two felony counts of insurance fraud and one count of attempted grand theft. His arrest is the result of an...
Best Affirms General Re Group Ratings of ‘A++’
Jun 16 2004 // A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life...
Best Affirms GEICO’s ‘A++’ Rating
Jun 14 2004 // A.M. Best Co. announced that it “has affirmed GEICO’s “A++” (Superior) financial strength rating, and its “aaa” debt rating for the company’s existing debt securities. The outlook...
Berkshire to Acquire 16% Stake in White Mountains
May 27 2004 // Berkshire Hathaway Inc., the investment holding company headed by Warren Buffett, has agreed to exercise all of its warrants to purchase common shares of Bermuda-based White Mountains Insurance Group Ltd., giving it a 16...
S&P Affirms GEICO and Subs ‘AAA’ Ratings
May 27 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on GEICO Corp. and its ‘AAA’ counterparty credit and financial strength ratings on...
New Mexico Court Invalidates Family Exclusions in Umbrella Policies
Apr 26 2004 // Insurance companies in New Mexico may no longer exclude family members from coverage under so-called umbrella policies, the state Supreme Court has ruled in two cases involving auto accidents. Such exclusions “are...
State Officials to Welcome GEICO at Opening of New La. Claims Office
Apr 12 2004 // State and local Louisiana officials will be on hand to welcome GEICO when it opens its new claims service office on Tuesday, April 13, 10 a.m. Ceremonies take place at the GEICO office site: 3616 S. I-10 Service Road,...
Berkshire Hathaway’s Fourth Quarter Earnings Soar; Profits Driven by Insurance Operations
Mar 8 2004 // Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the...
GEICO Names John Zinno, Greg Jacobi for New Buffalo Center
Mar 2 2004 // GEICO’s board of directors announced that it has named John Zinno as general manager of the company’s new Buffalo, N.Y. business location, and Greg Jacobi, as director of sales and service for the new...
GEICO to Open New Facility in Buffalo
Dec 24 2003 // GEICO and New York Governor George Pataki’s office announced that the auto insurer has selected Buffalo as the site of its second major operations center in New York. GEICO plans to develop a 250,000-square-foot...
S&P Notes: Berkshire Hathaway Finance Corp. Assigned ‘AAA’ Senior Debt Rating
Dec 19 2003 // Standard & Poor’s has assigned its ‘AAA’ senior debt rating to Berkshire Hathaway Finance Corp.’s (BHFC) $500 million private-placement debt securities offering. BHFC is a financial subsidiary...
