Warren Buffett’s Berkshire Hathaway scaled back sales of the most unusual and riskiest US insurance policies as prices declined and the company guarded capital for its biggest acquisition. Berkshire’s premiums from companies insured through excess and surplus policies plummeted 32 percent to $473.9m in the 12 months ended March 31, SNL Financial said in a report distributed yesterday by e-mail.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
Across the Twittersphere Tuesday morning, real estate agents and home sellers griped about the glitches they were experiencing on the Zillow website.