From: Investors Business Daily
BY JAMES DETAR
Warren Buffett, who recently trimmed Berkshire Hathaway‘s (NYSE:BRKB) stake in a reinsurance company, sees a more lucrative opportunity for his insurance businesses: cyberattacks.
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On Tuesday, Berkshire’s Specialty Insurance unit unveiled two policies providing coverage for cyberattacks and responses. One covers third-party exposure resulting from data security and privacy breaches, including regulatory investigations and fines, as well as extortion threats and media liability coverage. The second adds customizable errors and omissions liability coverage.
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