Insured losses could reach up to $20 billion: says Buffet

by International | 02-09-2017 | 288 views

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.”

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