The Berkshire Hathaway Homestate Companies are part of Berkshire’s insurance business. This insurance conglomerate is headquartered in Omaha, Nebraska and has been in business for more than 40 years. Although the company started regionally, its services are now available across the country.
As it is a conglomerate, Berkshire Hathaway Homestate Companies is made up of six distinct companies which all specialize in different regions. The companies include the following: Redwood Fire and Casualty Insurance Company, Cypress Insurance Company, Oak River Insurance Company, Continental Divide Insurance Company, Brookwood Insurance Company, and the Berkshire Hathaway Homestate Insurance Company.
Services offered by Berkshire Hathaway Homestate Companies include commercial auto insurance, commercial property insurance, public entity insurance, and worker’s compensation insurance.
Berkshire Hathaway Homestate Companies was founded in 1970, and slowly over the next several decades began acquiring other companies. It purchased Redwood Fire and Casualty Insurance Company in 1976 and Cypress Insurance Company in 1977, for example.
The eight separate companies originally were chartered to write insurance in their home states, and have since expanded to offer insurance past their own regions. Additionally, all of the companies feature their own local underwriting and management, which allows them to keep everything local and decentralized.
By the late 1990s, the eight insurance companies had merged and dwindled down to six companies; all of which began operating under the shared brand and identity of Berkshire Hathaway Homestate Companies. Since then, the corporation has been dedicated to providing insurance solutions for commercial and public entities at the lowest possible price.