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MAR 14, 2014 - Yahoo! News

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Berkshire's Buffett says firm has cut U.S. catastrophe insurance

Berkshire Hathaway chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States. Citing a decrease in interest rates, Buffett told cable television network CNBC: "We actually in the United States have almost eliminated our catastrophe insurance business." Buffett also said that concerns over weaker economic growth in China and geopolitical tensions surrounding Russia and Ukraine were not a reason to sell assets. "They're not warranted in terms of the market," Buffett said on ... Read More

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