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BRK
2015
Berkshire Hathaway Inc. (“Berkshire,” “Company” or “Registrant”) is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted on both a primary basis and a reinsurance basis, a freight rail transportation business and a group...
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1
BRK
2015
Berkshire’s operating businesses are managed on an unusually decentralized basis. There are essentially no centralized or integrated business functions (such as sales, marketing, purchasing, legal or human resources) and there is minimal involvement by Berkshire’s corporate headquarters in the day-to-day business activ...
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2
BRK
2015
Berkshire and its consolidated subsidiaries employed approximately 331,000 people world-wide at the end of 2015. Berkshire’s corporate headquarters has 25 employees.
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3
BRK
2015
Berkshire’s insurance and reinsurance business activities are conducted through numerous domestic and foreign-based insurance entities. Berkshire’s insurance businesses provide insurance and reinsurance of property and casualty risks world-wide and also reinsure life, accident and health risks world-wide.
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4
BRK
2015
In direct insurance activities, the insurer assumes the risk of loss from persons or organizations that are directly subject to the risks. Such risks may relate to property, casualty (or liability), life, accident, health, financial or other perils that may arise from an insurable event. In reinsurance activities, the ...
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5
BRK
2015
"Reinsurance contracts are normally classified as treaty or facultative contracts. Treaty reinsuranc(...TRUNCATED)
"[0.004356704652309418, -0.0022893405985087156, -0.001082550035789609, -0.03572829067707062, -0.0077(...TRUNCATED)
6
BRK
2015
"Insurance and reinsurance are generally subject to regulatory oversight throughout the world. Excep(...TRUNCATED)
"[0.022000562399625778, -0.021492760628461838, 0.004427406936883926, -0.019563108682632446, -0.01127(...TRUNCATED)
7
BRK
2015
"Insurers based in the United States (“U.S.”) are subject to regulation by their states of domicil(...TRUNCATED)
"[0.00863718893378973, -0.029449691995978355, 0.012103770859539509, -0.03975187987089157, -0.0238042(...TRUNCATED)
8
BRK
2015
"Insurers may market, sell and service insurance policies in the states where they are licensed. The(...TRUNCATED)
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9
BRK
2015
"The insurance regulators of every state participate in the National Association of Insurance Commis(...TRUNCATED)
"[0.01389314979314804, -0.022693008184432983, 0.010983623564243317, -0.033540550619363785, -0.021980(...TRUNCATED)
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