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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: bbmd ☬  😊 😞
Number: of 15061 
Subject: Looks like Ajit picked the wrong year to ...
Date: 08/11/2023 1:19 AM
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This Maui disaster might be very expensive for BRK. Looks like Ajit picked the wrong year to increase super-cat exposure.
I hope Ajit and WEB don't end up like Lloyd Bridges in the movie Airplane!

https://www.google.com/search?q=lloyd+bridges+in+a...


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Author: rogermunibond   😊 😞
Number: of 15061 
Subject: Re: Looks like Ajit picked the wrong year to ...
Date: 08/11/2023 10:35 AM
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Catastrophe PC is usually limited to hurricane (wind) or earthquake. I don't think these large wildfires are covered in super-cat reinsurance. Usually just regular PC.

Plus the cat reinsurance premiums have moved up a lot. 1.5X the 2017 trough rate according to this article.

https://www.reinsurancene.ws/property-cat-reinsura...
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