U.S: Warren Buffet, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc,. said insured losses from Hurricane Harvey could climb to as much as $20 billion, though much remains unknown.
“Nobody has too good of a feel” of the losses, he said Wednesday in an interview with CNBC, responding to a question of whether those loss estimates were reasonable. But those don’t strike me as a silly in any way. There will be a high proportion of uninsured losses to insured losses compared to most events.”