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Warren Buffett says earthquakes are biggest insurance problem

March 5, 2014 - 6:00am


Berkshire Hathaway Inc. chairman Warren Buffett said earthquakes are their main insurance problem, not climate change, Newstalk ZB reported.

Mr. Buffett said climate change does not affect the rates insurers are charging.

"Our biggest single cat risk would be earthquakes in New Zealand," he said.

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