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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