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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Oscar255414 ✶✭  😊 😞
Number: of 22349 
Subject: California Fire Insurance Loss
Date: 01/10/25 4:09 PM
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I'm sure BRK has a portion of the $2.5B reinsurance. Maybe $8B (+/- $2B) of fire exposure for FAIR, the insurer of last resort.

California's FAIR insurer of last resort has $2.5B of reinsurance. I'm sure BRK has a portion of that.

The FAIR Plan does not routinely disclose its financial condition. But in March, plan President Victoria Roach told California lawmakers that the plan had a $200 million surplus and an additional $2.5 billion in reinsurance that would pay claims when the surplus is exhausted.

In August, Roach told the San Francisco Chronicle that the FAIR Plan surplus was $350 million.

eenews.net - Every california homeowner could pay tab for la wildfires.

As an aside we all can see that consumers are paying the actual cost of these weather and fire events. It's effecting the middle class and fixed income groups very much.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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