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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15058 
Subject: Re: California Fire Insurance Loss
Date: 01/12/2025 6:55 AM
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...Berkshire is a sizable auto insurer in the state through its Geico unit but auto insurers aren’t expected to suffer substantial losses from the fires.
Berkshire also has a large reinsurance business. CEO Warren Buffett has said that Berkshire could absorb 3% of losses from a major catastrophe, such as a hurricane, earthquake, or fire.

Don't forget the potential liability from allocation of blame, which is frequently allocated to the entity with the most money. Does Berkshire provide the electricity in any of the affected areas? Were they smart enough to turn it off before the fires started?

Jim
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