Berkshire Hathaway Inc.'s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017.
The company's operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on its railroad to a surge in demand for electronic components. The biggest boost came from the insurance division, where catastrophe costs fell almost 90% from last year's disastrous third quarter, the sharpest decline among all major publicly-traded U.S. insurers.
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