Investor Warren Buffett is continuing to enhance his stake in the California insurance market, this time through his Berkshire Hathaway Assurance Corp.'s (BHAC's) entrance into the state's municipal bond insurance market. Insurance Commissioner Steve Poizner recently announced BHAC is approved as of March 25 to sell municipal bond insurance policies. The Berkshire Hathaway group is the No. 2 workers’ compensation insurer in California with just over 9% of the market.Buffett has aggressively sought to increase his stake in the California workers’ compensation marke...
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