Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Legendary investor Warren Buffett has a way of explaining big ideas in simple terms. And when it comes to insurance, he makes it sound almost too easy. Insurance Looks Simple, But It Isn’t At last year’s Berkshire Hathaway (NYSE:BRK, BRK.B)) shareholders’ annual meeting, Buffett called insurance a “very tempting” business. “It’s so much fun because you get the money at the start and then you find out whet ...