World Insurance Report
Insurance losses hit Berkshire Hathaway
US retail services and insurance holding company
Berkshire Hathaway has reported a 76% drop in net earnings from US$3.3bn in 2000 to $795mn for 2001. This uncharacteristically poor performance
was a direct result of 11 September losses incurred by the group’s core insurance operations and only a marginal improvement
in its investment income.