(Bloomberg) -- Mother Nature took a toll on Berkshire Hathaway Inc. in the third quarter.
Natural disasters including Hurricanes Harvey, Irma and Maria hit Warren Buffett’s insurance-focused conglomerate hard, dragging down earnings by almost $2 billion and overshadowing positive results elsewhere.
A surge in insurance claims led to the third consecutive quarterly underwriting loss, putting Berkshire on track to have an annual loss by that measure for the first time since 2002.
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