Month: April 2025

Categories
Insurance

GEICO Expands in Florida with 1,000 New Jobs at New Tampa Campus

(BRK.A), (BRK.B)

GEICO is strengthening its presence in Florida with a new campus in Tampa, bringing over 1,000 new jobs to the region. This expansion supports the company’s commitment to modernizing operations and driving long-term growth while reinforcing its reputation as a customer-focused insurance provider.

“As Florida’s second-largest auto insurer and the third largest in the United States, we are thrilled to expand our footprint in the Sunshine State,” said GEICO Senior Vice President Angela Rinella. “Tampa’s robust talent pool and dynamic business environment make it the ideal location for our newest office, allowing us to better serve our growing customer base while creating significant employment opportunities.”

The new Tampa campus will add to GEICO’s existing Florida workforce of nearly 3,800 employees, primarily based in Jacksonville and Lakeland, with additional legal offices throughout the state. The company will occupy 190,000 square feet across a three-building campus near Tampa International Airport, beginning this summer.

This investment highlights GEICO’s commitment to transforming how it delivers a wide range of insurance products, ensuring a seamless experience from initial quotes to claims settlement. Career opportunities at the new location will include roles in insurance sales, service, and claims, along with leadership development programs for those pursuing management careers.

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Lessons From Warren Buffett

Lessons From Warren Buffett: Adversity as a Test of Business Strength

Warren Buffett believes that how a company navigates challenges reveals critical insights about its true resilience and competitive advantage. A business that endures hardship and emerges stronger demonstrates not only its durability but also the strength of its economic moat—the protective advantage that keeps competitors at bay.

At the 2000 Berkshire Hathaway Annual Meeting, Buffett explained, “If you see a business take a lot of adversity and still do well, that tells you something about the underlying strength of the business.” He cited Coca-Cola as an example, noting how the company overcame setbacks such as the New Coke failure and issues in Europe, only to rebound stronger each time.

For investors, these moments of adversity serve as valuable tests. Companies that can weather difficulties and maintain their competitive edge often have the resilience and structural advantages necessary for long-term success.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Lubrizol

Lubrizol Launching Cutting-Edge Technology and Innovation Center in India

(BRK.A), (BRK.B)

Lubrizol, a subsidiary of Berkshire Hathaway, has announced it will establish a state-of-the-art Technology and Innovation Center in Maharashtra, India. This facility, the first of its kind for Lubrizol globally, aims to drive breakthrough innovations, enhance collaboration, and accelerate market delivery for its customers and industries worldwide.

The new center will integrate various lab capabilities, reinforcing Lubrizol’s in-region Centers of Excellence (COE). It will also house a Customer Experience Center, fostering co-development with customers and partners. Equipped with advanced analytical tools, automation, and digital solutions, the center will apply decision science to fast-track next-generation innovations.

Bhavana Bindra, Lubrizol’s Managing Director for India, the Middle East, and Africa, emphasized the company’s legacy of nearly a century in innovation. She highlighted that the new center underscores Lubrizol’s commitment to technological advancement and collaboration in the region. Dr. Rahul Misra, Senior Director of Technology, further noted that the facility’s location in Maharashtra will enhance efficiency and facilitate cutting-edge research and development.

Lubrizol’s President and CEO, Rebecca Liebert, stated that this center will serve as a model for future global innovation hubs, reinforcing the company’s interconnected research strategy. The Indian innovation teams have already garnered global recognition, and this facility is expected to further amplify their impact.

Lubrizol’s commitment to India spans decades, with notable contributions such as introducing CPVC piping 25 years ago, revolutionizing clean water access. The company’s India-based Bar Soap COE has also driven sustainable improvements in soap formulation. Additionally, Lubrizol continues to develop next-generation additive solutions in response to evolving transportation regulations.

This announcement is part of Lubrizol’s broader investment in India, totaling over $350 million in the past 18 months. The company is constructing its second-largest global manufacturing facility, collaborating on the world’s largest CPVC resin plant, and expanding its operations in Pune and Gujarat. The new Technology and Innovation Center marks another milestone in Lubrizol’s growth and commitment to the Indian market.

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

Categories
Appointments

Berkshire Hathaway Specialty Insurance Promotes Anthony Tatulli to Expanded Leadership Role

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance (BHSI) has elevated Anthony Tatulli to the newly expanded position of Head of Liability, Executive & Professional Lines. In addition to continuing his leadership of BHSI’s Executive & Professional (E&P) Lines business, Tatulli will now oversee the company’s Casualty and Healthcare divisions, as well as Customer & Broker Engagement in North America.

“Anthony has had tremendous success profitably growing our E&P Lines business and bringing BHSI’s stellar value proposition to the marketplace,” said Sanjay Godhwani, President of BHSI’s North America Region. “This new role will broaden his impact as he works closely with our Casualty, Healthcare, and Customer & Broker Engagement leaders to further strengthen and expand BHSI’s relationships throughout our liability lines.”

Tatulli joined BHSI in 2021 as Head of E&P Lines, bringing with him more than 30 years of industry experience across underwriting, claims, and legal. Before transitioning to the insurance sector, he spent eight years as an attorney. His expanded leadership role underscores BHSI’s commitment to strengthening its liability offerings and deepening industry relationships.

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.