While the identity of Buffetts successor has remained a mystery for years, he has said he wants the next leader to be drawn from the companys ranks, relatively young and unmotivated by ego.
Berkshire is likely to report big claims costs during the third quarter at its insurance subsidiaries because of natural disasters including Hurricanes Harvey and Irma.
Hurricane Irmas westward shift will probably inflict heightened damage on people and businesses unable to adjust to its new path in time, while the storm fuels floods that many insurance policies dont cover.
Applied Underwriters, a workers compensation insurer subsidiary of Berkshire Hathaway Inc., agreed to provide additional disclosure to customers about a product in California after a state review of potential abuses.
Berkshires namesake reinsurance group and General Re unit incurred costs tied to a cyclone in Australia. Pretax profit fell 34 percent at Geico, which sells auto coverage.
DebugScreen: mobile
{
"author": {
"name": "Noah Buhayar",
"webUrl": "/author/profile/noah-buhayar/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 70,
"social": [],
"articles": [
{
"uri": "/2018/01/10/buffett-elevates-abel-or-jain-as-likely-successor/",
"title": "Buffett elevates Abel or Jain as likely successor with new roles",
"byline": " Noah Buhayar, Katherine Chiglinsky ",
"kicker": "News",
"prettyDate": "January 10, 2018",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar-katherine-chiglinsky/",
"name": "Noah Buhayar, Katherine Chiglinsky"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "While the identity of Buffetts successor has remained a mystery for years, he has said he wants the next leader to be drawn from the companys ranks, relatively young and unmotivated by ego.",
"body": null
},
{
"uri": "/2017/11/06/natural-disasters-hit-buffetts-insurance-focused-c/",
"title": "Natural disasters hit Buffett's insurance-focused conglomerate hard in Q3",
"byline": "Noah Buhayar, Katherine Chiglinsky",
"kicker": "News",
"prettyDate": "November 06, 2017",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar-katherine-chiglinsky/",
"name": "Noah Buhayar, Katherine Chiglinsky"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Mother Nature took a toll on Berkshire Hathaway Inc. in the third quarter.",
"body": null
},
{
"uri": "/2017/11/01/buffett-streak-of-free-insurance-money-seen-ending/",
"title": "Buffett streak of 'free' insurance money seen ending at 14 years",
"byline": "Noah Buhayar",
"kicker": "News",
"prettyDate": "November 01, 2017",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar/",
"name": "Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Berkshire is likely to report big claims costs during the third quarter at its insurance subsidiaries because of natural disasters including Hurricanes Harvey and Irma.",
"body": null
},
{
"uri": "/2017/09/11/irma-victims-caught-off-guard-seen-fueling-insurer/",
"title": "Irma victims caught off guard seen fueling insurers' losses",
"byline": "Sonali Basak, Bailey Lipschutz, Noah Buhayar",
"kicker": "News",
"prettyDate": "September 11, 2017",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/sonali-basak-bailey-lipschutz-noah-buhayar/",
"name": "Sonali Basak, Bailey Lipschutz, Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Hurricane Irmas westward shift will probably inflict heightened damage on people and businesses unable to adjust to its new path in time, while the storm fuels floods that many insurance policies dont cover.",
"body": null
},
{
"uri": "/2017/09/06/as-irma-looms-this-small-insurer-has-an-outsized-bet-on-florida/",
"title": "As Irma looms, this small insurer has an outsized bet on Florida",
"byline": "Noah Buhayar, Sonali Basak",
"kicker": "News",
"prettyDate": "September 06, 2017",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar-sonali-basak/",
"name": "Noah Buhayar, Sonali Basak"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state.",
"body": null
},
{
"uri": "/2017/08/07/buffetts-insurers-slump-dragging-down-berkshires-e/",
"title": "Buffett's insurers slump, dragging down Berkshire's earnings",
"byline": "Noah Buhayar",
"kicker": "News",
"prettyDate": "August 07, 2017",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar/",
"name": "Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The insurance segment posted an underwriting loss of $22 million, compared with a gain of $337 million a year earlier.",
"body": null
},
{
"uri": "/2017/07/25/berkshire-in-talks-to-buy-a-stake-in-latin-americas-biggest-reinsurer/",
"title": "Berkshire in talks to buy a stake in Latin America’s biggest reinsurer",
"byline": "Cristiane Lucchesi, Felipe Marques, Noah Buhayar",
"kicker": "News",
"prettyDate": "July 25, 2017",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/cristiane-lucchesi-felipe-marques-noah-buhayar/",
"name": "Cristiane Lucchesi, Felipe Marques, Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "The acquisition could be made through Berkshires General Re unit.",
"body": null
},
{
"uri": "/2017/06/08/berkshire-settles-californias-bait-and-switch-work/",
"title": "Berkshire settles California's `bait-and-switch' workers' comp insurance case",
"byline": "Noah Buhayar",
"kicker": "News",
"prettyDate": "June 08, 2017",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar/",
"name": "Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Applied Underwriters, a workers compensation insurer subsidiary of Berkshire Hathaway Inc., agreed to provide additional disclosure to customers about a product in California after a state review of potential abuses.",
"body": null
},
{
"uri": "/2017/05/08/charles-munger-says-dangerous-10-2b-aig-deal-offer/",
"title": "Charles Munger says 'dangerous' $10.2B AIG deal offers rewards",
"byline": "Sonali Basak, Noah Buhayar",
"kicker": "News",
"prettyDate": "May 08, 2017",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/sonali-basak-noah-buhayar/",
"name": "Sonali Basak, Noah Buhayar"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Right now, the funds from AIG are earning 'peanuts' for Berkshire, but there is potential for better returns",
"body": null
},
{
"uri": "/2017/05/08/berkshires-earnings-hit-speed-bump-on-insurance-businesses/",
"title": "Berkshire's earnings hit speed bump on insurance businesses",
"byline": " Noah Buhayar, Katherine Chiglinsky ",
"kicker": "News",
"prettyDate": "May 08, 2017",
"timeToRead": "5 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/noah-buhayar-katherine-chiglinsky/",
"name": "Noah Buhayar, Katherine Chiglinsky"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"summary": "Berkshires namesake reinsurance group and General Re unit incurred costs tied to a cyclone in Australia. Pretax profit fell 34 percent at Geico, which sells auto coverage.",
"body": null
}
]
}
}
