Berkshire insurance business suffers wounds in its earnings

Warren Buffett Berkshire Hathaway insurance business

That branch of Warren Buffett’s company faced significant challenges during this year’s first quarter. The Berkshire insurance business struck a difficult patch during the first quarter as those units of the company posted an underwriting loss. The losses took the spotlight away from the other gains Berkshire Hathaway brought in through its energy and railroad businesses. That said, that quarter’s results weren’t adequate enough to take away from the recent shareholders meeting. The company’s shareholders meeting took place in Omaha, Nebraska on Saturday. The event was also the location for…

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Warren Buffett’s insurance industry forecast might surprise you

Insurance Industry Forecast by Warren Buffett of Berkshire Hathaway

According to the head of Berkshire Hathaway, insurers should worry about self-driving cars, not climate change. At the Berkshire Hathaway shareholder meeting last weekend, Warren Buffett shared his insurance industry forecast and brought up a number of trends and innovations that have been the topic of conversation among experts in this arena. The main point that has drawn the spotlight is that Buffett doesn’t feel climate change will harm the industry. According to the insurance industry forecast he shared, climate change shouldn’t be causing any pain to his business. This…

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Warren Buffett makes insurance news with caution in the industry

auto insurance industry - berkshire hathaway warren buffett

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

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Insurance companies unaffected by climate change, says Warren Buffett

Insurance News - Warren Buffett, CEO of Bershire Hathaway

According to the Berkshire chairman and CEO, the increase in natural disasters has not impacted his insurers. Warren Buffett has revealed that the increase in natural disasters and the extreme weather from climate change around the world have not affected Berkshire Hathaway’s insurance companies. Buffett has stated that no changes have been made to the way that catastrophe calculations are made. He explained that climate change has not affected the calculations that are made in terms of determining how likely it is for a catastrophe to occur. Berkshire Hathaway Inc.…

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