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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (62393)5/6/2002 4:11:32 PM
From: Logain Ablar  Read Replies (1) of 99280
 
wp:

Buffet's comment is not new although maybe just picked up by the media. As a major direct writer of personal lines with Geico and a major reinsurer with GenRe and one other I would assume he is pointing out the US Insurers can't be expected to underewrite terrorism coverage. Its got to be backstopped by the US government.

I forget if I read his comment on a nuclear attack in the annual report or somewhere else but its not new news.

Tim
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