Berkshire Hathaway(BRK_B) - 2024 Q1 - Quarterly Results

Notes to Consolidated Financial Statements Note 12. Equipment held for lease Retroactive reinsurance policies provide indemnification of losses and loss adjustment expenses of short-duration insurance contracts with respect to underlying loss events that occurred prior to the contract inception date, which may include significant levels of asbestos, environmental and other mass tort claims. Retroactive reinsurance contracts are generally subject to aggregate policy limits and thus, our exposure to such clai ...