Owner’s Latest Claim for Damaged Yacht Hits Shoal in Federal Appellate Court December 20, 2019 By Jim Sams James Shackleford paid $120,000 for a 65-foot sailboat in 2009, hoping to fix up the vessel and one day sail...
Aviation Industry Expects Double-Digit Premium Hikes After 737 MAX Grounding September 20, 2019 By Allison Lampert and Suzanne Barlyn The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers...
GEICO Gets Progressive, Joins Auto Insurers Offering Telematics August 15, 2019 Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting...
Insurance, Economy, Tariffs Weigh on Berkshire Hathaway August 5, 2019 By Jonathan Stempel Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting,...
Ethiopian Crash Could be Largest Non-War Aviation Reinsurance Claim: Willis Re April 1, 2019 By Carolyn Cohn LONDON — Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could...
Berkshire Profit Surges as Buffett’s Insurers Weather Storms November 6, 2018 By Katherine Chiglinsky Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound...
Disaster Losses Cut Q3 Berkshire Hathaway Profits by 43% November 6, 2017 By JOSH FUNK Warren Buffett’s Berkshire Hathaway Inc. said Friday that its third-quarter profit fell 43 percent because of a $1.4 billion insurance...
Berkshire Hathaway Likely to Post First Losses in More Than a Decade November 2, 2017 The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have...
Buffett Says Hurricane Harvey Damage Will Linger September 1, 2017 By JOSH FUNK Billionaire Warren Buffett says the storm damage in Texas is staggering, but he isn’t sure yet how much insurance companies...
Gen Re Names Rotatori CEO, Clark to Become President June 5, 2014 Gen Re, a Berkshire Hathaway Company, announced several planned organizational changes prompted by Gerard Lynch’s announcement that he will be...