I am quoted in an Omaha World-Herald article on Berkshire Hathaway Insurance entering Singapore (December 9, 2014):
Insurance is the lifeblood of Berkshire, whose businesses run from boxed confections at See’s Candies to industrial chemicals at Lubrizol. Insurance businesses provided Buffett with $77 billion as of December 2013, money that had been paid in by customers as premiums but not yet paid out to settle claims. That money, called float in the insurance industry, can be used to invest in other ventures.
“It is the fuel for Warren Buffett’s investments,” Kass said.