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Berkshire Stung by Losses in Its Stock Holdings

Berkshire Hathaway Inc Buffett, Warren E Company Reports Insurance Real Estate and Housing (Residential) Stocks and Bonds

Berkshire Stung by Losses in Its Stock Holdings

The conglomerate’s cash stake swelled to a record $157.2 billion in the third quarter even as it posted $23.5 billion in losses from investments.

By Reuters

U.S. Already Has 23 Billion Dollar Disasters in 2023

Disasters and Emergencies Global Warming Greenhouse Gas Emissions Hurricanes and Tropical Storms Insurance National Oceanic and Atmospheric Administration United States Weather Wildfires

U.S. Already Has 23 Billion Dollar Disasters in 2023

The United States has been hit by 23 large-scale disasters so far this year, and hurricane season is far from over.

By Christopher Flavelle

Idalia Could Become Another Multibillion-Dollar Superstorm

Berkshire Hathaway Inc Disasters and Emergencies Florida Georgia Homeowners Insurance Hurricane Ian (2022) Hurricane Idalia (2023) Hurricanes and Tropical Storms Insurance internal-storyline-no Real Estate and Housing (Residential) State Farm Insurance Cos

Idalia Could Become Another Multibillion-Dollar Superstorm

The Category 3 hurricane could expose insurers and their customers to huge losses across a wide stretch of Florida, Georgia and the Carolinas.

By Andrew Ross Sorkin Bernhard Warner Sarah Kessler Michael J.

Hawaii Wildfires Spur Insurers to Reassess the State’s Risk

Disasters and Emergencies Fires and Firefighters Global Warming Hawaii Homeowners Insurance Insurance Lahaina (Hawaii) Wildfires

Hawaii Wildfires Spur Insurers to Reassess the State’s Risk

Hawaii has long been a low-risk and profitable market for insurers, but the Maui disaster could change that, and even have a global ripple effect.

By Santul Nerkar and Emily Flitter