National News
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Berkshire Hathaway Chairman Warren Buffett on Insurance Economics and 2004 Results
National News • March 8, 2005
By Chairman Warren Buffett's own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire's book-value gain of 10.5% fell short of the S&P 500 Index's ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE:HISTORY | Arthur Ciszek | Mar 10, 2005, 10:51 pm |
| RE:HISTORY | John | Mar 9, 2005, 6:18 pm |
| WB's view of Insurance Industry | Jim | Mar 9, 2005, 8:52 am |
| Nett Nett | Anuraag Sunder | Mar 9, 2005, 7:18 am |
| RE: History | Funkie | Mar 8, 2005, 5:56 pm |
| LEVEL PLAYING FIELD | Mark | Mar 8, 2005, 4:20 pm |
| RE: RE: LEVEL PLAYING FIELD | TOM CALGARO | Mar 8, 2005, 3:34 pm |
| RE: LEVEL PLAYING FIELD | Mark | Mar 8, 2005, 3:18 pm |
| LEVEL PLAYING FIELD | TOM | Mar 8, 2005, 2:00 pm |
| RE: History | drudy | Mar 8, 2005, 1:37 pm |
| History | Drewboy | Mar 8, 2005, 1:33 pm |
| Underwriting Discipline | ECM | Mar 8, 2005, 1:31 pm |
| Back to article | ||
Subject: RE: RE: LEVEL PLAYING FIELD
Everything you say about the industry itself couldn't be more true. We can site the Marsh and AIG issues just for starters. It is definitely a greedy and corrupt industry overall.
However, exactly because of that if we could remove the politics and behind the scenes influence that is currently very prevelant within most insurance departments and force them to do their job, then the insurance industry would have find a diffent way to play their games.
It may also be impossible ever regulate the regulators but it has as better chance than any self discipline within the industry.