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Re: mennypenny262 post# 43319

Sunday, 12/28/2008 6:47:09 AM

Sunday, December 28, 2008 6:47:09 AM

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http://en.wikipedia.org/wiki/Reinsurance

Reinsurance is a means by which an insurance company can protect itself with other insurance companies against the risk of losses. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies.
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