2001: Has state, rather than federal, regulation hindered Berkshire's insurance operations or acquisitions?
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AUDIENCE MEMBER: I’m Dan Blum (PH) from Seattle, Washington. As an insurance holding company, Berkshire Hathaway is subject to regulation by insurance departments in every state in which GEICO or your other insurance subsidiaries do business. Has that handicapped or affected your operations in any way? And do you have any trenchant or wise observations to make about governmental regulation in that context?
2001: Has state, rather than federal, regulation hindered Berkshire's insurance operations or acquisitions?
2001: Has state, rather than federal…
2001: Has state, rather than federal, regulation hindered Berkshire's insurance operations or acquisitions?
AUDIENCE MEMBER: I’m Dan Blum (PH) from Seattle, Washington. As an insurance holding company, Berkshire Hathaway is subject to regulation by insurance departments in every state in which GEICO or your other insurance subsidiaries do business. Has that handicapped or affected your operations in any way? And do you have any trenchant or wise observations to make about governmental regulation in that context?