Chemical Fire Draws Illinois National Guard; Locals Evacuate June 15, 2021 By Sergio Chapa and Shruti Date Singh A massive fire at a chemical plant in northern Illinois spurred the governor to deploy the National Guard to the...
Warren Buffett’s Duracell Sues Energizer Over Battery Life Claims September 9, 2020 By Jonathan Stempel NEW YORK — Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc, sued the maker of Energizer batteries on...
Auto Claims Climbed with Summer Reopenings, but Dropping Again as Virus Rages July 27, 2020 By Jim Sams The sharp reduction in personal auto claims that followed COVID-19 shutdown orders began to fade away after the Memorial Day...
Buffett’s Geico Offers $2.5 Billion Credits as Coronavirus Cuts Driving April 8, 2020 By Jonathan Stempel Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of...
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...