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Investing - Theory, News & General • California fires: Should we expect insurance company bankruptcies?

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So we finally have an answer.
https://www.berkshirehathaway.com/2024ar/2024ar.pdf

"In January 2025, several wildfires broke out in Southern California resulting in thousands of destroyed or damaged structures. We preliminarily
estimate our insurance group could incur pre-tax losses of approximately $1.3 billion from these wildfires"

Your BRK is safe. :)

[There's a lot of wisdom in the newsletter as always but probably OT for this thread.]

Statistics: Posted by anoop — Sun Feb 23, 2025 1:47 am — Replies 23 — Views 4845



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