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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Uwharrie ✶⎊  😊 😞
Number: of 12538 
Subject: Re: Home insurers record loss
Date: 07/29/2024 10:59 AM
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We have friends with beach homes in NC and SC. Their beach home property insurance has increased 200% to nearly 300% in the past 18 months. I seem to recall reading about the cessation of the Federal flooding insurance backstop program. Those with vacation homes a distance from the beech are seeing 60 to 80% increases. Additionally, some are having to scramble to arrange insurance coverage as carriers leave the market.

It sure sounds like we are now in an era of favorable insurance for Berkshire.
Uwharrie
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