[uptown]

You realize insurance companies make the most money by selling policies that never get exercised, right?

[zeddie]

Yes, of course. I was pointing out that Buffett has thought more carefully about terrorism risks than most people, since his business has written very large insurance policies providing (limited) terrorism coverage.

[serge2k]

I'm sure he has thought very carefully about how to maximize his profits be convincing people they need terrorism insurance .