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Insurance Company Profits

Berkshire Hathaway
year sales profits
2000 24,028 1,557
2001 33,976 3,328
2002 37,668 795
2003 42,353 4,286
AIG
year sales profits
2000 40,656 5,055
2001 45,972 5,636
2002 62,402 5,499
2003 69,923 5,518

Wall Street Journal November 15, 2001
Moreover, in response to Sept. 11, insurers are already raising prices by 100 percent or more on some lines of commercial and industrial insurance. ... For much of the 1990s, carriers had engaged in a price war, keeping premiums relatively low. The prospect of large payouts related to the attacks gave the industry grounds for demanding substantial increases....

In speech to Berkshire Hathaway stockholders, Buffet warned that a dirty nuclear bomb attack in the U.S. was "inevitable".
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