Buffett, Jain Speak the Hard Truth About Insurance Paid Members Public
"You get those surprises in insurance, practically all of them are unpleasant."
Buffett Says Life Reinsurance Mistake Now a “Gem,” Commercial Push Will Become “Major Asset” Paid Members Public
Berkshire Hathaway’s Warren Buffett spent a large portion of his 50th anniversary investor letter [http://www.berkshirehathaway.com/letters/2014ltr.pdf]talking up his vast insurance and reinsurance operations, but called the company’s life reinsurance book and the start-up focused on commercial insurance for a special nod. Buffett