Berkshire Offers Up Insurance Claim Details After SEC Probe

Law360, New York (June 14, 2013, 6:20 PM ET) -- Warren Buffett's Berkshire Hathaway Inc. has agreed to be more transparent with shareholders about its catastrophe insurance claims and its reserve adjustment policies in response to a U.S. Securities and Exchange Commission inquiry, according to documents made available Thursday.

The SEC asked Berkshire about both issues in early April, saying its disclosure of the after-tax impact of catastrophe losses for 2010 to 2012 was insufficiently specific and identified only one event — Hurricane Sandy — while remaining otherwise ambiguous.

The regulator asked Berkshire to disclose the...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest