Berkshire profits dented by AIG and insurance losses

Warren Buffett's Berkshire Hathaway posted a 4.8 percent drop
in first-quarter operating profit after the company's insurance
segment fell to an underwriting loss driven by catastrophe claims
and a charge related to the massive AIG reinsurance deal struck
earlier this year.
The company's insurance segment's underwriting result was
$267mn in the red compared with a $213mn gain from the operations
in the year-ago quarter, Berkshire said in a report after market
close on Friday.
The conglomerate sa