Berkshire Hathaway’s New ‘THREE’ Policy Seeks to Simplify Small Business Insurance

Article 0 Comments Berkshire Hathaway’s Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate’s legendary chairman has endorsed it. The product, dubbed THREE, is three-pages long, and combines coverage for workers compensation, multiple liability coverages (including general liability, errors and omissions, […]

Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues

Article 0 Comments An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June last year, splashing white and green “Bank […]

Judge Lets Berkshire Hathaway’s Dairy Queen Sue Over ‘Blizzard’ Trademark

Article 0 Comments A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc., may pursue its lawsuit to stop W.B. Mason Co. from selling “Blizzard” bottled spring water, the name it uses for a popular ice cream product. U.S. District Judge Susan […]

Google Partners with Indian Banks to Attract Users to Its Digital Payments Services

Article 0 Comments Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital payments services. At an annual Google event […]

Berkshire Invests $356M in One97, Parent of India’s Biggest Digital Payments Firm

Article 0 Comments Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments sector. The conglomerate run by billionaire Warren Buffett confirmed in […]

Amazon Weighs Formation of UK Insurance Comparison Website: Reuters

Article 1 Comments Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region’s financial services. Three industry executives told Reuters […]

What Will Buffett Do with Berkshire’s $111 Billion Cash Pile?

Article 3 Comments Warren Buffett’s Berkshire Hathaway Inc. gave him more leeway to make stock buybacks last month. Now, after the company said its cash pile has swelled to $111 billion, some investors are wondering when they might reap the benefits. Berkshire’s second-quarter results released Saturday didn’t detail how many […]

Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017

Article 0 Comments This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the company’s namesake reinsurance business helped lift underwriting to a profit in the second quarter, adding to earnings […]

New Accounting Rule Could Serve Up Surprises at Buffet’s Berkshire Annual Meet

Article 0 Comments Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett’s company is scheduled to report earnings Saturday morning before its annual meeting, and a new accounting rule could sink results. Berkshire is now required to report unrealized gains and losses from equity investments in […]

JPMorgan, Amazon, Berkshire Venture to Target Health Issues Using Data, Technology

Article 0 Comments JPMorgan Chase & Co., Amazon.com Inc., and Berkshire Hathaway will focus on the biggest health issues threatening the U.S. economy in their new joint venture, including aligning healthcare payments with employee health and addressing chronic diseases, CEO Jamie Dimon said in his annual letter to shareholders. JPMorgan, […]