Berkshire Hathaway's insurer licensed by 45 states

Mon Mar 31, 2008 11:34pm IST

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NEW YORK, March 31 (Reuters) - Berkshire Hathaway's (BRKa.N: Quote, Profile, Research) new bond insurer has been licensed by 45 states and the District of Columbia, the National Association of Insurance Commissioners said on Monday.

The national group coordinated an expedited licensing process for the new insurer after losses related to subprime mortgages eroded investor confidence in existing guarantors.

(Reporting by Anastasija Johnson, Editing by Chizu Nomiyama)

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