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Berkshire Hathaway and Progressive | January 27, 2020
The owners of a California-based solar power company have pleaded guilty in connection to a scheme that defrauded nearly a billion dollars from companies such as Berkshire Hathaway and Progressive Insurance. Jeff Carpoff – owner of DC Solar – pleaded guilty to conspiracy to commit wire fraud and money laundering in a California federal court. His wife and co-owner of the company, Paulette, pleaded guilty to charges of money laundering and conspiracy to commit an offense against the U...
Berkshire Hathaway | February 24, 2020
Berkshire Hathaway Inc. may have bounced back big-time in the fourth quarter of 2019 – from a US$25.4 billion net loss in the same quarter in 2018 to net earnings attributable to shareholders of US$29.2 billion this time around – but the same can’t be said about the group’s insurance underwriting result. In a release over the weekend, the multinational conglomerate reported an operating loss of US$857 million for insurance underwriting. Berkshire’s insurance investm...
Spot Pet Insurance | April 08, 2022
Spot Pet Insurance, a digital-first pet insurance provider in the United States has strengthened its reach internationally with the launch of its services across Canada. With an estimated 8.3 million Canadian households that own cats, and 8.2 million that include a dog, Spot offers affordable plan options for the pet-centric community to help them secure their pet's well-being so they may enjoy healthier lives together.
Only 3% of pet parents have pet ins...
Vantis Life | May 26, 2022
Vantis Life Insurance Company, a Penn Mutual company, announces a strategic marketing agreement with Everdays, an insurtech firm providing retirement, health and end-of-life planning solutions focused on seniors that are entering or planning for retirement. As part of the agreement, Everdays will market Vantis Life insurance products through its online, digital planning platform. Vantis will provide accelerated digital approval, life insurance product underwriting, policy issue and support throu...
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