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Finance 431: Property-Liability Insurance - page 31 / 35

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New Company

Warren Buffet creates a new municipal bond insurance company.

Berkshire Hathaway Assurance Corporation

Began insuring municipal bonds in December 2007

Recently earned its first financial strength rating from S&P with a rating of AAA.

Although Moody’s has not rated the company yet, they are rating municipal bonds insured by the company with Aaa ratings.

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