You don't really think the IOC was paying $2B in premium to insure the event from losses, do you?
@QuisitiveInvest
$2 billi was the premium right?
I'm pretty sure that his insurance business can go broke without endangering the cash kept by Berkshire, but correct me if wrong.
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For business interruption? Seems like a reasonable premium to me. Happy to be corrected.
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