Berkshire Hathaway

Gildan Activewear Board of Directors Issues Open Letter to Shareholders and Sets Record Straight on Browning West’s Misguided Campaign to Reinstall Former Gildan CEO

Retrieved on: 
Monday, January 8, 2024
Narrative, Fruit of the Loom, Browning, Berkshire Hathaway, Sale, LRP, Houchens Industries, Sportswear, Acquisition, NCAA, Analysis, Legislation, Projection, GIL, Letter, Investment, Loom, TSX, Organization, Exercise, Management

MONTREAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today issued an open letter to shareholders.

Key Points: 
  • MONTREAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today issued an open letter to shareholders.
  • In response to Browning West’s December 29, 2023 letter articulating its misguided campaign to reinstall Glenn Chamandy as CEO of Gildan Activewear, the Board of Directors is sharing further information on recent events.
  • The Board is unanimous in its conviction that retaining Mr. Chamandy as CEO would have jeopardized the future of Gildan and destroyed shareholder value.
  • The Board was left with no other choice but to remove him as CEO.

Berkshire Hathaway Reaches Settlement with Pilot Corporation

Retrieved on: 
Monday, January 8, 2024
Insurance, Rail, Other Retail, Finance, Other Energy, Transport, Utilities, Professional Services, Energy, Retail, Pilot Flying J, National Indemnity Company, Berkshire Hathaway, Pilot Corporation

(BRK.A; BRK.B) – Berkshire Hathaway Inc. is pleased to announce that it has reached an agreement to fully settle the Delaware litigation, including all claims and counterclaims, between Pilot Corporation and Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company.

Key Points: 

(BRK.A; BRK.B) – Berkshire Hathaway Inc. is pleased to announce that it has reached an agreement to fully settle the Delaware litigation, including all claims and counterclaims, between Pilot Corporation and Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company.

Board Games Market size to grow by USD 3.42 billion from 2022 to 2027, Market is fragmented due to the presence of prominent companies like Atlas Games, Alderac Entertainment Group and Berkshire Hathaway Inc., and many more - Technavio

Retrieved on: 
Friday, January 5, 2024
Online, Marketing, River Thames, Gibsons Games, Embracer Group, Walt Disney, Settler, Looney Tunes, Geography, USD, PD, Atlas Games, Alderac Entertainment Group, Mattel, White box, Hasbro, Stranger Things, CMON, Berkshire Hathaway, Video game

NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The board games market is estimated to grow by USD 3.42 billion from 2022 to 2027, growing at a CAGR of 7.55%.

Key Points: 
  • NEW YORK, Jan. 5, 2024 /PRNewswire/ -- The board games market is estimated to grow by USD 3.42 billion from 2022 to 2027, growing at a CAGR of 7.55%.
  • The board games market is fragmented owing to the presence of many global and regional companies.
  • CMON Ltd. - The company offers Mayhem board games, such as Looney Tunes and Teen Titans Go.
  • The toys and games market is estimated to grow at a CAGR of 8.1% between 2022 and 2027.

Michael Davis Named CEO of CORT Business Services

Retrieved on: 
Thursday, January 4, 2024
Interior Design, Retail, Other Retail, Commercial Building & Real Estate, Specialty, Construction & Property, Office Products, Learning, Berkshire Hathaway, Multimedia, Corporate services, Knowledge

CORT Business Services, a Berkshire Hathaway company, today announced Mike Davis has been named the company’s CEO, effective January 5, 2024.

Key Points: 
  • CORT Business Services, a Berkshire Hathaway company, today announced Mike Davis has been named the company’s CEO, effective January 5, 2024.
  • He succeeds Jeffery Pederson, who is retiring after serving as CEO of CORT Business Services since 2012.
  • View the full release here: https://www.businesswire.com/news/home/20240104416043/en/
    Mike Davis CEO of CORT Business Services (Photo: Business Wire)
    Davis is currently President and Chief Operating Officer of CORT Business Services, which includes CORT Furniture Rental, CORT Trade Show and Events and all other CORT-branded businesses throughout the U.S. and U.K.
  • CORT, a part of Warren Buffett’s Berkshire Hathaway, is the nation’s leading provider of transition services, including furniture rental for home and office, event furnishings, destination services, apartment locating, touring, and other services.

Berkshire Hathaway Specialty Insurance Enhances Multinational Capabilities

Retrieved on: 
Wednesday, January 3, 2024
Consulting, Professional Services, Insurance, Business, Travel, Berkshire Hathaway, Workflow, City, AM Best, Health, WorldLink Communications, Plymouth Meeting, Pennsylvania, National Indemnity Company, Standard

Berkshire Hathaway Specialty Insurance (BHSI) today announced several enhancements to its multinational capabilities, including expanding its partner network and internal team of multinational experts, adding multinational products, and adopting a new technology platform to elevate service.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced several enhancements to its multinational capabilities, including expanding its partner network and internal team of multinational experts, adding multinational products, and adopting a new technology platform to elevate service.
  • “We continue to evolve our multinational services and capabilities to keep pace with the increasing needs of our customers,” said David Valzania, Head of Multinational at BHSI.
  • The company has also rounded out its multinational capabilities to include surety bonds.
  • “It enables BHSI to seamlessly coordinate and collaborate across local underwriters, producing offices, and network partners, facilitating the execution of our multinational programs.”
    Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Berkshire Hathaway Specialty Insurance Promotes Claims Leaders and Expands North American Claims Team

Retrieved on: 
Tuesday, January 2, 2024
Insurance, Professional Services, Policy, Travel, Berkshire Hathaway, Health care, Standard, AM Best, Character, Health, Language, A&E, Construction, Plymouth Meeting, Pennsylvania, Assistant, Architect, CPPI, TPA, National Indemnity Company, Senior

Berkshire Hathaway Specialty Insurance today announced two promotions and one new addition to its North American claims team: Courtney Koch has been promoted to Senior Vice President, Healthcare and Casualty Claims, Kathryn Ridenour has been promoted to Senior Vice President, Professional and Construction Claims, and Anthony Pizzonia has joined the company as Vice President, Healthcare Claims.

Key Points: 
  • Berkshire Hathaway Specialty Insurance today announced two promotions and one new addition to its North American claims team: Courtney Koch has been promoted to Senior Vice President, Healthcare and Casualty Claims, Kathryn Ridenour has been promoted to Senior Vice President, Professional and Construction Claims, and Anthony Pizzonia has joined the company as Vice President, Healthcare Claims.
  • Further, “I am also so pleased to welcome Anthony to BHSI’s claims team as we continue to bring our CLAIMS IS OUR PRODUCT philosophy to the marketplace.
  • In her new role, she will continue to oversee CPPI and A&E claims, while also assuming responsibility for Construction claims, including Homebuilders’ Liability claims.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

UnitedHealth Group and Allianz SE Maintain Top Spots on AM Best’s Largest Insurer Rankings

Retrieved on: 
Thursday, January 4, 2024
Insurance, Professional Services, UnitedHealth Group, Elevance Health, Research, NPW, Prudential Financial, Allianz, AXA, Centene Corporation, Berkshire Hathaway

In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.

Key Points: 
  • In addition, Allianz SE remained in its top spot by nonbanking assets, at $1.1 trillion, despite a 10% drop from the previous year.
  • AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the January 2024 issue of Best's Review , available now.
  • Ping An insurance (Group) Company of China Ltd. surged to second behind Allianz SE from fourth place as its assets rose 11.4% to $960.7 billion in 2022.
  • The top 10 global insurers ranked by 2022 NPW are as follows:
    Kaiser Foundation Group of Health Plans, United States
    Ping An Insurance (Group) Company of China Ltd., China
    China Life Insurance (Group) Company, China

Berkshire Hathaway HomeServices Chicago's Kindness Foundation Grants of $45,000 to The Sunshine Kids

Retrieved on: 
Friday, December 29, 2023
Quality of life, Berkshire Hathaway, Humanity, Housing, Education, HomeServices of America, Habitat for Humanity, Pharmaceutical industry

CHICAGO, Dec. 29, 2023 /PRNewswire-PRWeb/ -- The Kindness Foundation, the philanthropic arm of Chicago real estate brokerage Berkshire Hathaway HomeServices Chicago, made a year-end grant this month of $45,000 to The Sunshine Kids which supports children undergoing cancer treatment. This adds to earlier 2023 Foundation grants to the HomeServices Foundation for Housing Equity and Habitat for Humanity Chicago area affiliates, both of which work to increase access to homeownership and generational wealth through education, investment in individuals, financial assistance and community reinvestment.

Key Points: 
  • Berkshire Hathaway HomeServices Chicago's Kindness Foundation Grants of $45,000 to The Sunshine Kids, an organization that supports children undergoing cancer treatment.
  • CHICAGO, Dec. 29, 2023 /PRNewswire-PRWeb/ -- The Kindness Foundation, the philanthropic arm of Chicago real estate brokerage Berkshire Hathaway HomeServices Chicago , made a year-end grant this month of $45,000 to The Sunshine Kids which supports children undergoing cancer treatment.
  • This adds to earlier 2023 Foundation grants to the HomeServices Foundation for Housing Equity and Habitat for Humanity Chicago area affiliates, both of which work to increase access to homeownership and generational wealth through education, investment in individuals, financial assistance and community reinvestment.
  • Joe Stacy, Kindness Foundation chairman, Berkshire Hathaway HomeServices Chicago senior vice president, and general sales manager, said, "I'm pleased to announce this grant to The Sunshine Kids.

Existing-Home Sales Expanded 0.8% in November, Ending Five-Month Slide

Retrieved on: 
Wednesday, December 20, 2023
Housing, NAR, National Association, Freddie Mac, Berkshire Hathaway, Cryptocurrency

The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month of year-over-year price increases.

Key Points: 
  • The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month of year-over-year price increases.
  • Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of Realtors®.
  • Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West.
  • Distressed sales[5] – foreclosures and short sales – represented 1% of sales in November, virtually unchanged from last month and the previous year.

biBERK Business Insurance Provides Valuable Insights in Guide to General Liability Insurance for Businesses

Retrieved on: 
Monday, December 11, 2023
Umbrella, General insurance, Injury, Certificate, Policy, Small business, Risk, Berkshire Hathaway, BOP, Hand, COI, Liability insurance, Record, Accident, Lawyer, Fraud, Small, Death, Face, Advertising, Only, Communication, Insurance

Also called commercial general liability insurance coverage, this type of policy is essential for every business, large or small.

Key Points: 
  • Also called commercial general liability insurance coverage, this type of policy is essential for every business, large or small.
  • You can customize your general liability insurance coverage to address specific business risks by adding what are called endorsements.
  • One of our licensed insurance experts can help you determine whether you should add any endorsements to your general liability insurance policy and discuss with you the overall general liability insurance cost you will have to pay.
  • Best General Liability Insurance for Small Businesses: Affordable, Essential Protection
    As a business owner, you have countless decisions to make and tasks to handle.