Jain Talks Reinsurance: Berkshire Could Lose $15B in Florida

While the leader of Berkshire Hathaway's insurance operations described Jan. 1 property-catastrophe reinsurance pricing as disappointing, the "day in the sun" came at April 1, allowing Berkshire to write almost as much as it can. Ajit Jain also said the potential downside of deploying all that capacity is a potential $15 billion loss if a hurricane hits Florida…