Andrew wrote:
>Reinsurance weaves a complex web. An insurance company assumes risks.
>Then the insurer buys insurance to cover their risk. That's
>reinsurance. The reinsurer buys reinsurnace to cover *their* risk. My
>understanding is that many companies are both insurers and reinsurers.
>Often a
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 clima
NBC reckons there's a 'gentleman's agreement' between traders that they will
not sell the market short. Didn't Greenspan organise something like this
after the '87 hiccough? Is this sort of horizontal dealing okay? I'm sure
it's necessary, but is it technically legitimate?
Cheers,
Rob.
>Date: Fri, 14 Sep 2001 10:33:35 -0400
>
>Don't insurance companies insure themselves?
>I thought it was called reinsurance.
That is correct.
--jks
_
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Don't insurance companies insure themselves?
I thought it was called reinsurance.
mbs
This all seems weirdly ghoulish, but CNBC had an insurance pundit on
earlier today who said the WTC was insured for terrorism, and that he
expected big claims would be paid. The consensus is that payments
co
Justin Schwartz wrote:
>>Would it make any difference. Would insurance ever cover acts of terrorism?
>>I thought that damage due to terrorism or insurrection would be
>>automatically excluded. But no doubt someone with more expertise can set us
>>straight.
>
>No, an insurance policy t is a contra
>Would it make any difference. Would insurance ever cover acts of terrorism?
>I thought that damage due to terrorism or insurrection would be
>automatically excluded. But no doubt someone with more expertise can set us
>straight.
No, an insurance policy t is a contract. It can have any lawful s
Re nuclear hydro power. I meant nuclear power plants. I didnt mean to
invent some new hybrid plant! I dont live in Ontario by the way. Most of our
power plants are hydro power here in Manitoba. We are fortunate in having
ample supplies for now and export quite a bit south.
Cheers, Ken Hanly
---
Another estimate puts the insurance costs at $5 billion. In any case,
the insurance industry will be glad to learn that the owner of the WTC,
the Port Authority of NY and NJ, insured only one of the towers.
http://news.independent.co.uk/world/americas/story.jsp?story=93613
Life insurance benefit
