Insurance Rates and Berkshire Hathaway's Involvement

This chapter focuses on insurance rates, specifically in auto insurance and reinsurance, and Berkshire Hathaway's involvement in the insurance industry. It discusses the increase in reinsurance rates for marine risks in the Gulf Coast and the uncertainty of whether the recent increase in catastrophic events is a result of changing atmospheric conditions. The chapter also highlights the complexity of insurance underwriting and the challenges of predicting outcomes.