Berkshire-Owned Workers Compensation Insurance Scam Case Reaches Settlement

Applied Underwriters, an insurer owned by Warren Buffett’s Berkshire Hathaway, has agreed to a workers compensation insurance case settlement. The agreement involves providing Californian consumers with full disclosure about the product. The insurance company’s goal is to start selling plans again following a state review of alleged abuses. Many employers registered complaints from having been sold workers compensation insurance through bait-and-switch tactics. Those companies found themselves saddled with “costly and complicated policies” for workers compensation coverage, said the California Department of Insurance in a statement it released on the matter.