Business and investing mogul – Warren Buffett has recently expressed his love of the insurance industry, but not for the reasons you may expect…

“Despite the common misconception, insurers’ primary goal isn’t to make money from the premiums they collect. If they can, it’s a nice bonus, but it’s generally not necessary for insurers to be profitable. In fact, many property/casualty insurers regularly operate at an underwriting loss, meaning that they pay out more money in claims than they bring in as premiums…” [ Read more here ]

Finance, Insurance and Real Estate in Bedford