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Berkshire Hathaway Inc. Message Board

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  • donedoodit donedoodit Nov 1, 2012 10:43 AM Flag

    Sand Bagged

    Stock prices will increase on the misplaced expectoration that premiums will increase. They won't.

    Losses now estimated to be $20 billion. Not all of this is insured, at least not by the private industry. Last I looked, the US insurance industry has some $550 billion of surplus (its capital base), including $110 billion held by US reinsurance companies ($78 billion held by Gen Re and BH Re, so guess who has the big exposure). So do the math -- it ain't a big deal.

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    • Berkshire paid out roughly 2 billion in claims for 9/11... but insurance premiums for the industry as a whole did increase (at least, that is how I read it). I am not sure that won't happen again in the aftermath of a storm... as more people want to be insured for the next one.


      Sentiment: Strong Buy

134.09-0.54(-0.40%)Nov 30 4:07 PMEST