California regulators say they won’t approve the sale of one of Berkshire Hathaway’s smaller insurance companies, and they may revoke its state license if the deal goes forward.
The California Department of Insurance said Monday that Applied Underwriters failed to get approval to move its California Insurance Co. subsidiary’s headquarters to New Mexico beforehand.
And California hadn’t completed its review of the Applied Underwriters sale when the company applied to change the California Insurance Co.’s domicile to New Mexico.
Applied Underwriters didn’t respond immediately to questions about the deal Monday.
Offutt Air Force Base
Nebraska Medicine hospitals and clinics
Methodist Health System
The University of Nebraska Medical Center
First National Bank
Union Pacific Railroad
Mutual of Omaha
The Omaha World-Herald is owned by Berkshire Hathaway Inc.