Buffett Says Life Insurers Took 'Crazy' Bets

Submitted by Kathleen McGrath on Tue, 05/05/2009

Billionaire Warren Buffett on Sunday criticized some life insurers for taking on 'crazy' financial risks by selling variable annuities, or retirement products that promised unrealistic guarantees to buyers.

http://www.genevaassociation.org/PDF/HealthandAgeing/GA2009-Health20.pdf

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Buffett Says Life Insurers Took 'Crazy' Bets

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