A pair of rating agencies is keeping its eyes on three Berkshire Hathaway subsidiaries as the company looks to acquire a majority share in the Burlington Northern Santa Fe railroad.

Auto insurer GEICO announced it is recruiting new staff with a plan to add 70 employees to its Fredericksburg, Va., office by the end of this year.

Symetra Financial Corp. has filed with the U.S. Securities and Exchange Commission for an initial public offering.

Regulators with the Oregon Insurance Division are asking doctors and dentists across the state to contact them if they purchased business owners’ insurance through a Washington state agent accused of …  Read →

Auto insurer GEICO is adding 300 jobs over the next three years through a new, $2.4 million expansion of its operations in Amherst, N.Y., which will serve as a backstop …  Read →

U.S. individual disability in force policies and sales premium grew, but not as fast as in past years, a new survey of disability insurance companies found.

In force premium grew nearly …  Read →

Noting its strong capitalization and financial support from parent company Berkshire Hathaway, A. M. Best has reaffirmed a pair of ratings for its Seaworthy Insurance Co. of Annapolis, Md.

The ratings …  Read →

A coalition of 14 major U.S.-based insurance groups is touting the benefits of proposed legislation to close a loophole allowing foreign-based insurers to strip income into tax havens.

The Coalition For …  Read →

Warren Buffet, the billionaire chairman and CEO of Berkshire Hathaway, says life insurers took “crazy” financial risk by selling variable annuities with unrealistic promises.

Warren Buffet

“I always thought they were …  Read →