The Risk of Underwriting Mistakes in the Insurance Industry

Fernando lewis a long time berkshire shareholder from panama, who says his biggest concern is around possible losses arising from higher than expected insurance losses. While i understand that berkshire's culture is unique and the insurance division is full of talented individuals, this is a risk that concerns me. Geed: Contract certainty is an issue for us in the insurance industry. And we try and aggregate our exposures by major risk categories.