Post #9698 by LongTermBRK on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Thanks for your posts and reminders on this, Tex. Insurance is now and always has been the most important component of Berkshire. Anything re: Insurance matters a LOT.

We always need to keep an eye on these storms. And not just for ReInsurance and P&C.

An underrated impact of these storms is on auto insurers, including GEICO. As this storm heads north following land impact—it will deliver very strong winds and rain to higher population areas.

Just as hail storms usually bring far higher total dollar claims than tornadoes—these “thousands of modest dollar” auto claims from storms like this—can ring up big total dollar claims.

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