Gosh, Bernie – Don’t make yourself sound so unintelligent. Company just formed less than 2 months ago. If you knew ANYTHING about the insurance biz, you would understand that starting a company from the ground up requires mountains of regulatory clearance, forms approval, staff training, agency plant development, marketing strategies, etc. Then again, you’ve probably only been a low-level insurance minion your entire career. Mr. Buffett does not have a track record of failure. I believe the smart money will pony up to this new venture once they’re up and running. My question to Mr. Eastwood: Who do I contact about joining this opportunity?
Bernie,
It is not the quantity of business you write, but it is the quality of business. If you read the article, Berkshire Hathaway is writing business where rates have been steadily increasing-CAT related property, professional liability, etc. Business in these areas are probably more apt to be priced commensurate to the exposures assumed.
When the market tightens, I believe you will see Berkshire write more business.
Where did you get your insurance license from? A cracker jack box?
Wow! Lighten up on Bernie. There is no need to be so hostile. My question is: After 20 years at AIG, how can we be assured BH will do any better on the sales & service side of the house? To me, 20 years at that place is reason enough for me to NOT want to do business with them.
IT ALL SOUNDS SO IMPRESSIVE—-SO HOW MUCH BUSINESS HAVE THEY WRITTEN SO FAR ??
Gosh, Bernie – Don’t make yourself sound so unintelligent. Company just formed less than 2 months ago. If you knew ANYTHING about the insurance biz, you would understand that starting a company from the ground up requires mountains of regulatory clearance, forms approval, staff training, agency plant development, marketing strategies, etc. Then again, you’ve probably only been a low-level insurance minion your entire career. Mr. Buffett does not have a track record of failure. I believe the smart money will pony up to this new venture once they’re up and running. My question to Mr. Eastwood: Who do I contact about joining this opportunity?
That was my first thought, too. Where do I sign up?
Bernie – the answer is “a good amount.”
Bernie,
It is not the quantity of business you write, but it is the quality of business. If you read the article, Berkshire Hathaway is writing business where rates have been steadily increasing-CAT related property, professional liability, etc. Business in these areas are probably more apt to be priced commensurate to the exposures assumed.
When the market tightens, I believe you will see Berkshire write more business.
Where did you get your insurance license from? A cracker jack box?
Wow! Lighten up on Bernie. There is no need to be so hostile. My question is: After 20 years at AIG, how can we be assured BH will do any better on the sales & service side of the house? To me, 20 years at that place is reason enough for me to NOT want to do business with them.