Buffett explains consequences of BH ‘de-emphasising’ cat risk


Warren Buffett, the chairman of Berkshire Hathaway, explained in the company’s annual report covering 2015 that it is including insurance underwriting income in business earnings for the first time because it de-eemphasised catastrophe coverages, meaning its results should be more stable.

Berkshire Hathaway, Full Year 2015 Results, Warren Buffett, North America

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