Back in profit Berkshire Hathaway will write more business
Warren Buffett’s Berkshire Hathaway is willing to sell more insurance for natural disasters but may be held back by falling prices, the firm said in a filing, Bloomberg reports
“Due to the restoration of net worth that occurred during the second quarter, management’s willingness to write large catastrophe risks has increased, but to date rates have not warranted such writing,” Berkshire said in the regulatory filing.
