Re: Re: "an act of war" & insurance payments

[Doug Henwood]

Rob Schaap wrote:

>Are there large companies in America who specialise in reinsurance, such that
>risk might be less than ideally distributed?

Yes, but not just in the U.S. Two of the biggest reinsurers are 
European - Swiss Re and Munich Re (who are, by the way, both very 
concerned about climate change leading to more severe storms, unlike 
their U.S. counterparts). The consensus is that while a few little 
insurers may go under, the big ones can handle it.

Doug