Buffett Cautious on Cyber Insurance Because No One Knows Risks
Warren Buffett Is Quizzed on Business and Politics
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Warren Buffett said he doesn’t want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk.
"I don’t think we or anybody else really knows what they’re doing when writing cyber" insurance, Buffett said Saturday at his firm’s annual meeting in Omaha, Nebraska. "We don’t want to be a pioneer on this."