portfolio News

Buffett Deputy Combs to Lead Geico While Running Portfolio

When he’s not managing a $14 billion stock portfolio for Warren Buffett, Todd Combs will now also be running the second-biggest U.S. auto insurer. Berkshire Hathaway Inc. tapped one of its two key investing deputies to replace Bill Roberts as …

GE Risk From Reserve ‘Plague’ Worse Than Average, Fitch Says

General Electric Co. has “very high” exposure to the long-term care insurance market and is worse than average when it comes to the adequacy of reserves tied to those policies, according to Fitch Ratings. Genworth Financial Inc., which was spun …