
1994-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Loss of a Super Cat in the Los Angeles Quake
A lot of essentials were sold out of our shop yesterday yes I hear my family clapping zone six we have no question up here okay zone seven. Chris Blunt from Omaha asked if the multiple disasters that have taken place in LA has that had any impact on the cats for Berkshire on our super cat business. Charlie said it's going to be higher than 4.5 billion or 4.8 billion and his losses are fairly minor If it gets to eight billion of ensure damage that would trigger another policy or two but he says they've vastly underestimated what a super cat could do.
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