Business
Jain Says Berkshire Is Willing to Insure Tankers in Strait of Hormuz
Jain said that Berkshire is participating with a group of insurers in insuring oil tankers in the Strait of Hormuz.
Jain said no business has been done yet, but that Berkshire will have small exposure to an insurance consortium, assuming there is U.S. Navy protection for the tankers.
He quipped that any deal “depends on the price,” echoing the insurance maxim that there is no bad risk, just a bad premium.
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