The Warren Buffett Report » Geico http://warrenbuffettreport.com A Warren Buffett blog Thu, 06 May 2010 20:56:55 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Warren Buffett- Cash For Clunkers http://warrenbuffettreport.com/2009/08/28/warren-buffett-cash-for-clunkers/ http://warrenbuffettreport.com/2009/08/28/warren-buffett-cash-for-clunkers/#comments Fri, 28 Aug 2009 22:04:26 +0000 http://warrenbuffettreport.com/?p=273 Warren Buffett says there has been a few signs of “green shoots” in the economy. This was evident in Berkshire’s second-quarter operating earnings.

Berkshire is so diverse that it can serve as an indicator of how the economy is doing. The “Cash for Clunkers” program may benefit Berkshire-owned Geico Corp. Cash for Clunkers may drive an extra $375 million in insurance premiums.

Buffett wrote in Berkshire’s second-quarter earnings report that “the weakening economy is also believed to be causing customers to raise policy deductibles and reduce coverage in order to save money.”

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