» 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 04, 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 This material may not be published, broadcast, rewritten or redistributed.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 78 146 11,266
MORTGAGES 96 170 14,073
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 194 340 24,374
BANKRUPTCIES 58 135 8,567
BUSINESS LICENSES 28 51 3,822
UTILITY CONNECTIONS 102 239 13,696
MARRIAGE LICENSES 14 49 3,080

Weekly Edition

Issues | About

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