#Encore energy omaha ne professional
In 1985, National Indemnity Company evolved further, launching its Specialty Risk Division (now known as Professional Liability & Specialty Risks Division). Buffett, Chairman, wrote, “Indeed, had They not made this acquisition, Berkshire would be lucky to be worth half of what it is today.” In addition to its insurance operations, Berkshire Hathaway also has holdings in retail stores, newspapers, and other businesses.
In the 2004 Berkshire Hathaway Annual Report, Warren E. Stock control changed from founder Jack Ringwalt to Berkshire Hathaway Inc. National Indemnity Company is, today, one of the leading property/casualty members of the Berkshire Hathaway group of insurance companies. Their payroll and Their scope of service has blossomed since then, but They still adhere to the Ringwalts' founding principles: that there is a proper rate for every legitimate risk and that such “risky” classes as long-haul trucks, taxis, rental cars, and public buses should not be arbitrarily rejected. Arthur and Jack Ringwalt founded National Indemnity Company as a specialty insurance firm, a four employee operation (including President Jack Ringwalt) that wrote liability insurance on taxis.
The story begins in 1940 with two entrepreneurial brothers and a two room office in Omaha, Nebraska.
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