US not our of recession says reinsurance giant
Warren Buffett says the US economy has not begun to climb out of the worst recession since the Great Depression, Reuters reports.
"At the moment we don't see (the economy) getting better or worse, but that's better than you could say six months ago. The terror of last year is gone and that's thanks in part to the government,” Buffett said.
"The economy has not turned up but it will turn up ... I just don't know when," Buffett said. "It could be tomorrow," he added.
He said the Obama administration was "making progress with TARP and may end up making a profit. It certainly won't be a disaster."
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
