Berkshire Adds Disclosure on Insurance Losses After SEC Pressure

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) is providing more data about claims costs at insurance units after the U.S. Securities and Exchange Commission pressed the company for the information.

We “agree to provide disclosures in future filings of the significant catastrophe losses for our insurance group as a whole and for each of our underwriting units to the extent that such losses are significant,” Marc Hamburg, chief financial officer of Omaha, Nebraska-based Berkshire, said in a letter to the SEC that was dated April 25 and released today.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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