Berkshire Accused of Stealing Workers’ Comp Premiums in Manhattan Lawsuit September 12, 2016 By Elizabeth Blosfield New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Berkshire Hathaway Purchasing New York Medical Liability Insurer July 18, 2016 Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price....
California Commissioner Issues Cease and Desist Order to Applied July 1, 2016 Update: The California Department of Insurance originally issued a cease and desist notice, not an order as is reported below....
Geico to Hire More Than 100 New Associates in New York May 3, 2016 Geico said it plans to hire more than 100 new associates in its Buffalo, New York, office for additional positions...
Timeline: From Teen to Octogenarian, How Buffett’s Wealth Has Grown May 2, 2016 By Ben Taylor In 2016, it’s easier than ever to play the financial markets. From the explosion of online brokers to the rise...
HomeServices of America Acquires Minnesota’s PCG Agencies March 14, 2016 HomeServices of America Inc., a Berkshire Hathaway affiliate, has acquired Minnesota-based PCG Agencies Inc., a large independent personal insurance agency....
Buffett’s Berkshire Hathaway Cuts Munich Re Stake to 4.6% December 14, 2015 By Noah Buhayar Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of...
Berkshire Unit Prepares to Sell Insurance Direct to Business via Internet December 11, 2015 By Noah Buhayar Berkshire Hathaway Inc. won the top financial-strength rating from A.M. Best Co. for a unit that plans to sell insurance...
Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings November 18, 2015 By Sarah Jones Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net...