Subject: Re: BHE profitability
Treating the wildfires as anomalous seems riskier in the face of accelerating climate change (apparently California fires are many times worse this year than last, though I had not noticed it in the SFBA as the winds have not been bringing the smoke down here).
I wonder if Berkshire's reinsurance operations write much coverage for this type of risk? It might be an interesting way to get a read on what one part of the company considers as likely loss to another part.