ASBESTOS LITIGATION: General Re Reserves $1.8B for Claims in ‘08
April 3, 2009
Berkshire Hathaway Inc.’s subsidiary, General Re Corporation, had unpaid mass tort reserves of about US$1.8 billion gross (US$1.2 billion net of reinsurance) at Dec. 31, 2008 for unpaid mass tort reserves.
Those reserves were about US$1.8 billion gross and US$1.2 billion…