Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1997-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Unwitting Super-Cat Exposure

The worst exposures still for super-cats are not born by us, but they're born implicitly by some very big direct-writing companies that have lots of risk on Long Island or along the new Madrid. You can really get fooled in this business. 20th century lost the billion dollars at Northridge. Geico lost something like them, 150 million in Andrew.

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