» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 43 | Tuesday, March 4, 2014

Buffett: Climate Change Not Causing More Disasters

AP

Print | Front Page | Email this story | Comments ()

OMAHA, Neb. (AP) – Warren Buffett says the rate of disasters that Berkshire Hathaway's insurance companies see hasn't changed because of extreme weather.

Buffett said on CNBC Monday that he hasn't made any change in the way he calculates the likelihood of a catastrophe because of climate change.

Berkshire Hathaway Inc. owns several insurance and reinsurance funds and often has to pay significant claims when natural disasters strike.

Buffett says insuring against hurricanes in the United States has been extremely profitable in the past five years because few storms have made landfall.

Berkshire's chairman and CEO recounted the performance of the Omaha, Neb., based conglomerate in his annual letter Saturday.

Strong insurance results helped Berkshire earn $19.48 billion last year on $182.15 billion revenue. That's up from earnings of $14.82 billion on $162.46 billion revenue in 2012.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 80 6,019
MORTGAGES 107 107 7,199
FORECLOSURE NOTICES 23 23 1,138
BUILDING PERMITS 142 142 12,733
BANKRUPTCIES 58 58 4,405
BUSINESS LICENSES 28 28 2,391
UTILITY CONNECTIONS 41 41 2,581
MARRIAGE LICENSES 37 37 1,272

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.