Well, from the industry, re-insurance contracts aren't hard to read, but they are written in legal prose that's quite far from your average readers day to day r

Well, from the industry, re-insurance contracts aren't hard to read, but they are written in legal prose that's quite far from your average readers day to day reading. Let's say that in 50 pages of boiler plate only twenty items mark the exact risks covered. That's why most firms use brokers to translate the T&C to PowerPoint. Obviously important contracts get read and negotiated by teams. And then ten years and a few renewals pass, people move on and suddenly you've got a coverage on a historic part of your portfolio that nobody groks. We're all human.