NEW YORK--Warren Buffet's entrance into the bond insurance sector may have distressed some domestic New York bond insurers, but the benefits to the overall marketplace outweigh the drawbacks, New York's top insurance regulator said.
Insurance Superintendent Eric Dinallo made his comments Saturday at the National Conference of Insurance Legislators meeting here.
Mr. Dinallo was asked during a Q&A session if allowing Berkshire's startup company "to cherry pick the good business" caused further problems for the existing struggling bond insurers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.