INSURANCE PREMIUMS AFTER 2005 HURRICANES BRING HIGH IN 2006.
Today's Wall Street Journal includes this article, and its headline says it all: "Berkshire Might Be a Bargain at $100,000," by Karen Richardson (Page C1, col. 2, Tuesday, October 24, 2006). The headline should say it all, because a subscription is required to read anything that follows it. If you have or want to pay a subscription online try accessing this good article here.
Historically, it is public record that the most profitable areas of this huge Warren Buffett-led Corporation are in Insurance. As previously posted on this Blog, CatClaims (Catastrophe Claims due to weather) Coverage has caused a huge increase in Property and Casualty Insurance policy premiums. Record profits, and not just from premium income as previously posted here also, are expected for 2006. The greater profits in this sector of Insurance are due in part, it appears (see previous posts), to the absence of Hurricanes and other weather-caused CatClaims this year compared to Hurricanes Katrina, et al, in 2005 and Hurricanes Charlie, et al, the year before in 2004.
REMINDER: THE CONTENTS OF THIS BLOG DO NOT MAKE AN ATTORNEY-CLIENT RELATIONSHIP. ALWAYS CONSULT THE CASES AND LAWS OF EACH PARTICULAR JURISDICTION AND AN ATTORNEY FAMILIAR WITH THE PARTICULAR INSURANCE ISSUE IN THAT JURISDICTION, WHENEVER YOU TRY TO ADDRESS OR RESOLVE ANY LEGAL QUESTION.
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