Hi,
Berkshire Hathaway has get license for a new bond insurance unit. Mr. Warren Buffett said that he would not make the same mistakes by charging too little and taking on too much risk. He comments that is the causes for many problems for long-time insurers. New unit: "Berkshire Hathaway Assurance Corp." will stick to the basics, won't go chasing higher returns and charge too little for his bond insurer's services. Read CNBC Buffett Watch: Warren Buffett Promises to Stay on the Straight and Narrow with His New Bond Insurer for more information.
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