Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2016-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Climate Change

I don't think you and I have any difference in the fact that climate change, since it's something where there is a point of no return if we are on the course that you think is certain. The emotion was put forth was relating to the insurance aspects of it. We respectfully disagree with them in terms of, not in terms of the importance of climate change, but in terms ofThe risk to our insurance business. For a reinsure, the value of reinsurance with their customers is a long term business. And earlier this quarter, we set a record of $2.2 billion in cat bonds.

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