Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well November 6, 2023 By Josh Funk Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its...
Buffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets October 13, 2023 By Aya Wagatsuma and Akemi Terukina Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and...
Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight September 21, 2023 By Joel Rosenblatt Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive...
Reinsurers Hope Profitability Party Will Last – But All Good Things Must End September 11, 2023 By Brian C. Schneider, Fitch Ratings Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a...
Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia August 30, 2023 By Max Reyes Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane...
Warren Buffett Gives $27M in Berkshire Hathaway Stock to an Unnamed Charity August 18, 2023 By Josh Funk Investor Warren Buffett has donated Berkshire Hathaway stock worth $27 million to an unnamed charity. Buffett disclosed the gift of...
Berkshire Operating Earnings Jump on Insurance Strength August 7, 2023 By Max Reyes Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures...
Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires July 19, 2023 By Joel Rosenblatt Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become...
Travel Essentials: Passport, Money, Bluetooth Luggage Trackers? July 18, 2023 By Kate Duffy, Anthony Palazzo and Siddharth Vikram Philip After returning to New York from Oslo in late May, Harley Hendrix noticed her suitcase containing a cherished Alexander McQueen...
Warren Buffett’s PacifiCorp Sued by Oregon Wineries Over Fire Damage July 17, 2023 By Joel Rosenblatt Berkshire Hathaway Inc.’s PacifiCorp was sued by Oregon wineries claiming that smoke from wildfires ignited by the utility’s equipment in...