ASBESTOS LITIGATION: BHRG Reserves $9.2B for A&E Losses in 2008

The Berkshire Hathaway Reinsurance Group’s (BHRG) reserves for environmental, asbestos, and latent injury losses and loss adjustments expenses were US$9.2 billion at Dec. 31, 2008 and US$9.7 billion at Dec. 31, 2007.

BHRG is a Berkshire Hathaway Inc. subsidiary.

Losses paid in…

ASBESTOS LITIGATION: General Re Reserves $1.8B for Claims in ‘08

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…

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