'The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business,' says Buffett.
"It's not an easy business," Buffett told shareholders at the Berkshire Hathaway annual meeting. "The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business."that Tesla would be launching its own insurance product later in May.
About one third of Berkshire Hathaway's business is in the insurance space and that includes Geico. Before the annual meeting on Saturday, Buffett said Geico's value has risen more than
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