Berkshire Hathaway Inc. announced Wednesday that it has agreed to acquire Applied Underwriters, a private San Francisco-based carrier that has been expanding its book of business in California.
The acquisition by a holding company run by Warren Buffett, called the "Oracle of Omaha" for his investment prowness, provides perhaps the surest sign yet that California's once-beleaguered workers' compensation market is on the rebound.
"We invest in proven companies that are industry leaders, and that offer significant growth potential," Buffett said in a news release. "Applied's management team has...
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