Articles by Josh Funk

Nebraska Trial in Florida Insolvent Insurer Case Put on Hold

The Nebraska Supreme Court has ordered a judge to put a new trial on hold in a multimillion-dollar insurance dispute and follow the high court’s ruling from last summer. Last June, the Supreme Court threw out the nearly $4.7 million …

Berkshire Closes on Deal for 2 White Mountains’ Insurers in Runoff

Billionaire Warren Buffett’s Berkshire Hathaway Inc. owns two more insurance companies after completing a deal with White Mountains Insurance Group. Documents filed with the Securities and Exchange Commission show the companies consummated the deal last Friday. It was announced in …

Berkshire Hathaway 1Q Net Income Up 12%; Equitas Deal Boosts Insurance

Billionaire Warren Buffett’s holding company reported Friday that its net income jumped 12 percent during the first quarter because of strong performances in its insurance and utility divisions. Berkshire Hathaway Inc. said it earned $2.6 billion (euro1.92 billion), or $1,682 …

At Buffet’s Diversified Berkshire Hathaway, Insurance Still #1

The mix of companies and investments billionaire Warren Buffett’s company holds makes some people think investing in Berkshire Hathaway Inc. is a bit like buying shares of a mutual fund that emphasizes insurance. But some analysts say that’s not the …

Profits Soar at Buffett’s Berkshire Hathaway, GEICO

With no major catastrophes in this year’s third quarter, billionaire investor Warren Buffett’s Berkshire Hathaway Inc. reported an almost fivefold increase in income from a year earlier when hurricanes Katrina, Rita and Wilma struck. Berkshire earned $2.77 billion (euro2.17 billion), …

Berkshire Hathaway reports 70% jump in 1Q Earnings; Shareholders Meet in Omaha

Berkshire Hathaway Inc., billionaire Warren Buffett’s investment vehicle, reported a 70 percent jump in first-quarter earnings on strong performance from its investments and insurance businesses. Berkshire’s net earnings were $2.3 billion, or $1,501 per share, for the three months ended …