Abel said that when it comes to wildfire insurance business, not everything can be held accountable.

date
06/05/2025
Berkshire Hathaway Vice Chairman Abel said, "This risk will not disappear." Berkshire Hathaway has made the decision to sometimes need to "cut power" to assets when wildfires are approaching. He said, "This is not to ensure uninterrupted power supply." When talking about the responsibility faced by Berkshire Hathaway's utility companies when wildfires spread, he said, "We cannot simply be the last insurer. We cannot take responsibility for everything that happens in that state."