News: Industry News
Factors Affecting Workers Compensation Insurance Efficiency and Cost
May 31, 2019Berkshire Hathaway GUARD's Allan Kerin, Chief Actuary and Executive Vice President, wrote an article entitled "Workers Compensation Pricing Perspectives: Factors Affecting Workers Compensation Insurance Efficiency and Cost" for the May 31, 2019 edition of The Standard. The Standard is one of the most respected publications in the insurance industry and, in the article, Kerin shares his expertise on Workers Compensation pricing and the…
Read moreBerkshire Hathaway GUARD Now Offering Commercial Package Coverage in Pennsylvania
April 2, 2019Berkshire Hathaway GUARD Insurance Companies recently added a Commercial Package product in Pennsylvania. This new offering includes: Commercial Property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and inland marine coverages as well as crime coverage; General Liability with base limits of $1 million to $6 million with even higher limits considered; Employment-Related Practices Liability…
Read moreThe secret behind Berkshire Hathaway GUARD Insurance Companies’ growth
March 21, 2019Insurers searching for the best tried-and-tested methods to scale their business need look no further than Berkshire Hathaway GUARD Insurance Companies, a fast-growing trailblazer in the US insurance market. Since its founding in 1983, GUARD companies have gone from strength to strength and today…the business stands as a prominent subsidiary of Berkshire Hathaway…. In fact, in 2017, the group issued…
Read moreTriple+ and GUARD Partner on Smart Water Leak Prevention Pilot Project
February 28, 2019Triple+, a leader in IoT technology solutions for water leak damage prevention, has announced a pilot project with Berkshire Hathaway GUARD Insurance Companies. Water damage is the second most common insurance property claim in the US after hail and wind damage, and billions of dollars are spent in claims and repairing damages annually. GUARD aims to reduce these costs for customers…
Read moreBerkshire Hathaway GUARD Adding Commercial Package Coverage
February 26, 2019Berkshire Hathaway GUARD Insurance Companies is adding a Commercial Package product that will include coverages for Property, General Liability, Umbrella, and Employment-Related Practices Liability Insurance (EPLI). According to GUARD CEO Sy Foguel, "An early April Pennsylvania launch is anticipated with other states to follow. Our goal is to become a 'One Stop Shop' for our agents and their insureds, so…
Read moreA Well-Oiled Machine – Berkshire Hathaway GUARD shifts gears smoothly to drive costs down and profits up
December 28, 2018It’s a long way from Wilkes-Barre, Pennsylvania, to Tel Aviv, the business capital of Israel, and it’s a journey Sy Foguel made many times while assuming the top post at the Berkshire Hathaway GUARD Insurance Companies. Since accepting the position in 2007, Foguel has combined sound actuarial principles with an unerring market sense to produce results that are nothing short…
Read moreBerkshire Hathaway GUARD Now Writing Homeowners Policies in PA
January 9, 2018Berkshire Hathaway GUARD Insurance Companies has begun offering Homeowners and complementary Personal Umbrella coverage in Pennsylvania. According to GUARD CEO Sy Foguel, "We have always relied upon independent agents to deliver our policies to consumers, so our goal is to feature products that fill a need within their offices. We believe our Homeowners coverage, which provides the same high level…
Read moreGUARD Adds Miscellaneous Professional Liability; CEO Foguel Discusses Expansion
October 28, 2016Berkshire Hathaway GUARD Insurance Companies has begun offering a Miscellaneous Professional Liability policy in New Jersey with expansion into a half dozen more states targeted by year-end 2016. This new product is the latest development in an expansion plan kicked off in 2013. GUARD CEO and President Sy Foguel explains, "Our vision has been to become a one-stop shop for…
Read moreWarren Buffett Touts GUARD’s Growth
May 9, 2016Guard Insurance in downtown Wilkes-Barre has received accolades from billionaire Warren Buffet for its tremendous growth. Since the insurance company was acquired by a unit of Mr. Buffet’s Berkshire Hathaway in October 2012, its number of employees has grown from 310 to 483, said Chief Operating Officer Carl Witkowski. Of the 483 employees, 396 are based in Wilkes-Barre and the…
Read moreBerkshire Hathaway GUARD Adds Lawyers Professional Liability Program
March 23, 2016Berkshire Hathaway GUARD Insurance Companies is now offering a lawyers professional liability policy in California, Maryland, New Jersey, Pennsylvania, Texas, and the District of Columbia with ten more states planned in 2016. Available as either a complement to other policies or on a standalone basis, lawyers professional liability is designed to protect against financial losses due to negligence, errors, or…
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