AIG just completed their settlement with the SEC and Spitzer. Now the road is paved for BRKA to complete a settlement at a cost significantly below AIG.
Look for BRKA to challenge the $100K barrier once the settlement is announced. I am expecting a settlement this quarter. Why do you think Gates bought all that BRKA stock? My guess is he knows the settlement is near and BRKA is ready to make a move.
BRKA will help MKL move back to the highs. Higher premiums in 2005 will not hurt either.