MW-GB170_buffet_20180104153705_ZH

Asher Tobin

Warren Buffet of Berkshire Hathaway Inc.'s National Indemnity Co. Berkshire’s growth has been built upon the use of insurance float, starting with Buffett’s acquisition of National Indemnity in 1967, premium money that it holds to pay claims in the future and can invest and profit from in the meantime.