Berkshire Disclose More Details On Insurance Losses After SEC Pressure

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Mani
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Berkshire Hathaway Inc. (NYSE:BRK:A) (NYSE:BRK.B) agreed to provide more detail to investors about claims cost at insurance units, after the U.S. Securities and Exchange Commission pressed for more information. Berkshire Hathaway’s Letter To SEC Warren Buffet’s Berkshire Hathaway Inc. (NYSE:BRK:A) (NYSE:BRK.B) said in its letter to the Securities and Exchange Commission that the insurance major agree to provide disclosures in future filings of the significant catastrophe losses for their insurance group as a whole. The company would also provide such disclosures for each of its underwriting units to the extent that such losses are significant. The letter was sent by Marc…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports