
2016-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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We Will Not Write Catarassary Business in Florida Because They Want Us to Do Something Stupid
Berkshire has not been asked ever to my knowledge to write long term contracts. We will not write business that we think has a major negative probability. It's much more of a transactional business than there may have been a time when relationships were very big in reinsurance. So the, and incidentally, that is not the fact that we walked away from cat business in Florida that we thought was mispriced has not hurt us in the business.
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