Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, tours the shopping floor ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, on Saturday, May 5, 2018. The rules, which require Berkshire to report unrealized gains or losses in equity investments in net income, helped fuel a $1.14 billion loss at Buffett's Berkshire Hathaway Inc. in the first quarter. (Photo: David Williams/Bloomberg)
(Bloomberg) – Warren Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk.
"I don't think we or anybody else really knows what they're doing when writing cyber" insurance, Buffett said Saturday at his firm's annual meeting in Omaha, Nebraska. "We don't want to be a pioneer on this."
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