Last week, Buffett set up a developer company in Spain called Berkshire Residential Assets 1, with an objective of buying all property types, principally dwellings put up for sale by the sector’s companies, banks and Sareb, the bad bank. Known as the ‘Oracle of Omaha’, the investor plans to include rehabiliation and building construction services in its vehicle’s activities range. The third richest man on the globe has bought Catalan firm Merquinsa and has come to an agreement with Caixabank on reinsurance of its policy portfolio valued at €600 million.
Berkshire unit in fight over bird-death data (Omaha World Herald)
A company that operates at least 13 wind-energy facilities across three states is suing in federal court to block the U.S. government from releasing information about how many birds are found dead at its facilities. [...] Portland, Oregon-based Pacificorp, which is owned by Omaha-based Berkshire Hathaway, is seeking an injunction in U.S. District Court in Utah to prevent the Interior Department from releasing information it considers confidential. [...] The information AP sought was part of its larger investigation into bird and eagle deaths at wind farms and the administration’s reluctance to prosecute the cases as it advocated the pollution-free energy source. AP asked the U.S. Fish and Wildlife Service for data collected under federal permits given to companies to collect the carcasses of protected bird species, including eagles and migratory birds, found dead at their facilities.
Berkshire Hathaway enables mobile travel insurance claims (Travel Weekly)
Berkshire Hathaway Travel Protection is beginning to allow customers to file claims electronically by taking photos of receipts with their smartphones. Berkshire Hathaway will then electronically deposit a payment into a customer's bank or PayPal account instead of mailing a check. When filing claims, customers do not have to send in original claim receipts. The new program is called ExactCare, and Berkshire Hathaway is beta testing it with travel agents and other industry partners. It will do a full rollout in the first quarter of 2015.
Berkshire Hathaway Specialty Unveils New D&O Policy (Insurance Journal)
Berkshire Hathaway Specialty Insurance (BHSI) has unveiled its Executive First Side A Difference-in-Conditions (DIC) Directors & Officers Liability Policy, which provides protection for individual directors and officers in a concise form.
Berkshire Hathaway Specialty Adds Contractor’s, Business Crisis Cover (Insurance Journal)
Berkshire Hathaway Specialty Insurance (BHSI) has created a Contractor’s Broad Form Coverage, which is now available to contractors with BHSI’s primary general liability practice policies. In addition, BHSI is offering contractors its Business Crisis Event Cost Coverage endorsement with these enhancements, further strengthening contractors’ ability to respond in a time of need while managing their risk.
Dairy Queen Offers Signature Treats This Holiday Season (Restaurant News)
Not to be outdone by the pumpkin flavor craze, the Dairy Queen® system, a Berkshire Hathaway company, is bringing back its popular peppermint treat just in time for the holidays. The DQ® system announced today the return of the Candy Cane Chill Blizzard® Treat as the featured Blizzard of the Month for December.
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