Warren Buffett News

Buffett Says Berkshire Would Write Pandemic Insurance. That Is, If the Price Is Right.

The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, they would be willing to insure pandemics in the future. “The answer is we insure a lot of things. …

Berkshire Discloses Q1 Insurance Results; Buffett Talks Coronavirus Impact

Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million recorded for first-quarter 2019. Property/casualty and life insurance and reinsurance businesses combined recorded …

Virtual ‘Woodstock for Capitalists’ May Show How Buffett’s Handling Coronavirus

Berkshire Hathaway Inc.’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers. …

Buffett Warns of Corporate Directors Too Beholden to CEO

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual …

Buffett Says Combs Likely to Head GEICO Only Temporarily

Warren Buffett doesn’t expect Todd Combs, one of his two key investing deputies, to be at auto insurer Geico long. Buffett’s Berkshire Hathaway Inc. tapped Combs in December to become chief executive officer of its Geico unit. He replaced Bill …

But Wait. Here’s ‘The Rest of The Story’ on Buffett’s Lubrizol

In his firm’s annual report released this weekend, Berkshire Hathaway CEO Warren Buffett included a side note on one of the companies his conglomerate bought in 2011 for $9 billion, a company called Lubrizol. Lubrizol is an Ohio-based global specialty …

GEICO Gets Progressive, Joins Auto Insurers Offering Telematics

Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway’s GEICO has been one of the few among the top 10 largest personal auto insurance carriers …

Why Chinese Crypto Entrepreneur Was No-Show for $4.5M Buffett Charity Lunch

Chinese cryptocurrency entrepreneur Justin Sun, who cited health issues in postponing his charity lunch with Warren Buffett this week, issued a broad apology to just about everyone for touting the plan to dine with one of America’s richest people, noting …

Buffett Donates $3.6 Billion of Berkshire Stock to Five Charities

Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. That brings the total …

Cryptocurrency Pioneer Justin Sun Pays $4.5 Million for Charity Lunch with Buffett

Cryptocurrency pioneer Justin Sun bid a record $4.57 million to have lunch with billionaire investor Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.” The 28-year-old Sun, who launched Tron or TRX token in 2017, submitted the …