Guest essay by Eric Worrall
Warren Buffet has repeated his inconvenient message from last year, that climate has not affected his insurance business – though he is concerned about future climate change.
Warren Buffett says global warming is not impacting the way Berkshire writes insurance
Monday, 27 Feb 2017 | 3:34 PM ET
Berkshire Hathaway CEO Warren Buffett on Monday said he has not yet seen sufficient evidence that climate change is affecting weather events to a degree that would make him change the way his conglomerate’s insurance businesses write policies.
Events such as Hurricane Sandy have raised concerns that global warming is increasing the intensity and frequency of so-called superstorms.
“I have not seen anything yet that would cause me to change the way we look at evaluating quakes, tornadoes, hurricanes by atmosphere. Now, that may happen some day,” he told CNBC’s “Squawk Box.”
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