(Bloomberg) — Berkshire Hathaway Inc., the firm controlled by billionaire Warren Buffett, is pushing to sell more insurance to energy and construction companies by offering as much as $25 million in new pollution coverage.
The protection is an add-on to traditional general liability coverage, according to a statement today from Berkshire Hathaway Specialty Insurance, the parent company's Boston-based commercial unit. Other carriers provide stand-alone policies for pollution-related incidents.
"A lot of people buy pollution coverage in the market, and we felt like it was a coverage we needed to offer," Chuck Hasselback, the head of BHSI's environmental group, said in a phone interview.
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