The Motion for Against Hearing Nothing Is Failed.

Berkshire's Geico took its single largest loss in history from Superstorm Sandy, a $490 million loss due to claims on more than 46,000 flooded vehicles. Berkshire's reinsurance business is likely to bear significantly more risk from the trends towards increasingly extreme weather. For a time, some portion of these costs may be pushed onto customers in the form of higher premiums. But it is not a prudent or sustainable long term strategy to impose on customers costs of not planning for the greenhouse gas reductions that climate scientists agree are urgently needed.