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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BreckHutHigh   😊 😞
Number: of 21943 
Subject: Re: Hurricane Idalia and FL reinsurance
Date: 08/30/23 10:29 PM
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"Based on what I recall over the years, bad hurricanes now are not unique. But there sure does seem to be more of them."

Really?

"Berkshire Hathaway
CEO Warren Buffett on Monday said he has not yet seen sufficient evidence that climate change is affecting weather events to a degree that would make him change the way his conglomerate's insurance businesses write policies.

Events such as Hurricane Sandy have raised concerns that global warming is increasing the intensity and frequency of so-called superstorms.

'I have not seen anything yet that would cause me to change the way we look at evaluating quakes, tornadoes, hurricanes by atmosphere. Now, that may happen some day,' he told CNBC's 'Squawk Box.'

He added that the frequency of Florida hurricanes has been 'quite low' for roughly the last decade compared to historical trends, and storms in the Sunshine State, Texas and the U.S. Southeast have been 'remarkably benign.'

Buffett delivered a similar assessment in last year's annual letter to shareholders. In that letter, he said climate change had not up until then 'produced more frequent nor more costly hurricanes nor other weather-related events covered by insurance.'
cnbc.com - Warren buffett global warming not impacting berkshires insurance biz

U.S. Hurricane Strikes by Decade:
https://www.nhc.noaa.gov/pastdec.shtml

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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