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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: longtimebrk ⎊🐝  😊 😞
Number: of 12641 
Subject: Hurricane Losses low
Date: 10/18/2023 10:43 AM
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No. of Recommendations: 11
looks like the bet has paid off -

"Berkshire Hathaway's bet on an inactive Florida hurricane season looks like it will pay off, potentially netting the company several billion dollars.

Berkshire operates a major property and casualty insurer and decided early this year to take on about $15 billion of exposure if storms struck Florida during this year's hurricane season.

So far, there has been one notable storm to hit Florida, Hurricane Idalia, around Sept. 1 and it caused insured damage of $3 billion to $5 billion, according to Moody's


That's modest by current hurricane standards with Hurricane Ian in 2022 causing $50 billion in insured damages. Berkshire's share of the Idalia loss is likely to be small."


https://www.barrons.com/articles/berkshire-buffett...

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Author: Cardude ⎊  😊 😞
Number: of 12641 
Subject: Re: Hurricane Losses low
Date: 10/18/2023 2:28 PM
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No. of Recommendations: 2
Currently knocking on wood'

October can still bring big storms to Florida. Michael comes to mind.
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