by John Darer CLU ChFC CSSC RSP CLTC
Berkshire Hathaway Life of Nebraska, First Berkshire Hathaway Life Insurance Company and Columbia Insurance Company retained their "AA+" Standard & Poors ratings despite the parent company going to an "AA" on May 16,2013.
The relevant companies in the Berkshire Hathaway structured settlement program
Structured Annuity Issuer (States besides New York)
- Berkshire Hathaway Life Insurance Company of Nebraska
Structured Annuity Issuer (for New York City area and New York state personal injury, medical malpractice and workers compensation cases)
- First Berkshire Hathaway Life Insurance Company
Guarantor of BHG Structured Settlements, Inc., the qualified assignmment company for berkshire Hathaway Structured Settlements
- Columbia Insurance Company
- National Indemnity Company
S&P said its rating "reflects Berkshire's strong financial risk profile and strong balance sheet", and (together with New York Life) the annuity issuers and reinsurer in the Berkshire Hathaway group still enjoy the highest rating of any insurance company issuing structured settlement annuities.
Read Standard & Poors Credit Ratings Guide online