Not sure how much exposure Berkshire has. Probably not much, but we don’t know what is in their reinsurance books. Chubb has significant exposure and Berkshire owns 6%.
It sucks to pay tax on these gains…
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If you’re a long-term holder, I expect the tax you’ll be paying is more than the wildfire exposure.
intercst
I understand, currently the barron’s report projects only $800 m or so loss.