Warren Buffett is more concerned about global interest rates and the reinsurance industry’s declining float then the possibility of a climate change induced super-catastrophes. “If super-cats become costlier and more frequent, the likely – though far from certain – effect on Berkshire’s insurance business would be to make it larger and more profitable,” Buffett said in his annual investor letter released Saturday. Citing that Berkshire Hathaway has operated with an underwriti
