That strength helped compensate for a weak quarter for Berkshire’s insurers. The underwriting loss at that group of businesses widened to $784 million during the third quarter, with all three of its major insurance groups reporting losses in underwriting. Catastrophe losses, including the sting of Hurricane Ida, totaled $1.7 billion after taxes during the period. Geico, meanwhile, is feeling the pressure as more drivers hit the road, leading to an increased frequency of claims. The severity of claims is also rising just as used car prices tick up.
Buffett’s Cash Pile Tops Record With $149.2 Billion On Hand – BloombergQuint
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