Capital Letters

Insurance Prices May Continue to Decline

By December 6, 2011 No Comments
by Bloomberg News

PASADENA, Calif. (Bloomberg)—Berkshire Hathaway Inc.’s Charles Munger, who has helped
Chairman Warren Buffett reduce the firm’s reliance on insurance sales, said declines in policy
prices may continue, even as the economy shows signs of recovery.
“I would not bet the farm” on price increases, Mr. Munger said Wednesday in Pasadena, Calif.,
at a shareholders’ meeting of Berkshire’s Wesco Financial Corp. “It’s so easy to underprice and

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