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Tropical Cyclone Activity lowest in 30-years


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Hurricane activity might be down but a few well placed hurricanes like last year were enough to cause the 3rd worst season ever. 


Berkshire can't afford to be in a position where it depends on anyone, including the stock market in the event of a major payout.  The opportunity cost of holding cash is very high while the pricing is weak, Fairfax is probably doing the same thing and cutting exposure. 

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