Warren Buffett blames smartphones for an increase in auto fatalities—and a decline in Geico profits (Barron’s)

Some highlights:
He (Mr. Buffett) points to drivers using their phones behind the wheel or otherwise not paying attention to the road. “Distracted driving…was listed for about 10% of the deaths in 2014,” Buffett told CNBC two weeks ago. “I’ll bet that number went up a fair amount.”

Buffett noted that deaths per 100-million-miles driven also increased. The auto insurer Geico, owned by Buffett’s Berkshire Hathaway, saw its underwriting profit more than halve last year as the frequency of auto accidents went up.


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