Is Berkshire Hathaway Specialty a Better Company?

Berkshire Hathaway Specialty Insurance generated $1.3 billion of premium volume in 2016. This business is on the smaller end of commercial property casualty insurance in terms of scale, although its volume did grow 40% last year. Berkshire has all these independents subsidiaries, and they really are independent, and the parent company is not allowed that there's one horrible accident somewhere. We would tend to pay, of course, maybe more than our legal ability, but we are not one accident in one subsidiary that caused a big lot of damage.