Berkshire's Ajit Jain calls out corruption and skyrocketing prices in Florida's insurance market

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[@GarrettKoval]

Love how straightforward the guys Buffett put in charge are.

[@keimo2007]

Such as David Sokol...

[@kylepostlewaite]

i think you mean soulless lizard people.

[@maalikserebryakov]

@@kylepostlewaite They are not a charity seethe beggar

[@daveblickenstaff5320]

Let's not talk about my 18k a year home insurance here in Southern CA . CA fair plan is devastating the middle class.

[@bmwxpicasso]

Looks like Ajit let us all know to expect insurance rates to keep going up substantially in 2024 at renewal time.

[@blipblop92]

All the profits of no storms went straight to our pocket, this guy is damn honest 😂😂

[@hassibanwar5847]

Ajit is intelligent

[@dannypowers4995]

Price rise when to much money is chasing assets. There is simply to much cash in the system.

[@peterbedford2610]

Corruption?.Desantis would allow this?!?

[@BRuane-pw6xq]

Corruption? FLORIDAH ??? WHAT DOES DEATHSANTIS SAY ?

[@sarscov9854]

I think he meant fraud.

[@gautamdeusa]

It's not clear to me what sort of corruption it is that keeps driving insurance company expense.

[@LivingWithGout]

A mathematical genius.

[@i_i8924]

Every 10 years there is a bad storm in FL, not clockwork but thats my perspective

[@kylepostlewaite]

Wierd how insurance premiums are a giant source of inflation yet Ajit talks like they cant make a dollar. 😅

[@NK-mr3rh]

Well that makes sense

[@321kevo]

florida market is backed by the government my grandparetns plan was cancelled and they j7at went with the actual florida government insurance plan . a lot of you all dont know things

[@CoverBydAn]

I watched all of the meeting. Ajit is brutally honest, but at the end of the day unrefined.

[@id10t98]

Crude and unrefined, he's petroleum.

[@draco4540]

what do you mean "unrefined"? i can see the brutally honest (and straight forward), which i like when it comes to watching or listening about business or finance. money is money.

[@dalamskdnfkdmsns]

The Indian in Google set the translation to hindi, not cool

[@mk91-vz1oj]

The insurance business is basically free money for insurers