Tag Archives: warren buffett insurance
Buffett says life insurers took “crazy” bets
Posted on15. May, 2009 by Admin.
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Via: Reuters
Billionaire Warren Buffett on Sunday criticized some life insurers for taking on “crazy” financial risks by selling variable annuities, or retirement products that promised unrealistic guarantees to buyers.
“I always thought they were crazy when they were doing it,” said Buffett, at a press conference in Omaha, his hometown, because of the financial risks to [...]
