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Berkshire's insurance float value is on the same order of magnitude. They underwrite both property insurance and cyber insurance. That's a scary business to be
by dangrossman 2y ago
Berkshire's insurance float value is on the same order of magnitude. They underwrite both property insurance and cyber insurance. That's a scary business to be in right now. Hurricanes, thunderstorms, tornados, cyber attacks have all become devastatingly more damaging recently. Maybe that's a good reason to stockpile cash right now regardless of their outlook on any particular stock.
- nemonemo 2y agoCan't they simply charge more premium and pay for the reinsurance? Uncertainty is where the premium comes from, and I would think insurance business in BRK should thrive with it.