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J&J almost certainly don't have an insurance tower that goes anywhere near that. This a huge settlement. The biggest tower I know of is only $2b, but I don't kn
by etothepii 4y ago
J&J almost certainly don't have an insurance tower that goes anywhere near that. This a huge settlement. The biggest tower I know of is only $2b, but I don't know the whole market.
- atlasunshrugged 4y agoI've never heard of the term "insurance tower" before. Does it just mean coverage? If you have a link to any good blog explaining that'd be great!
- yourapostasy 4y agoAn insurance tower is the total insurance package assembled by a policy holder between primary and excess insurance policies, as once explained to me by my broker. I gather that it is a different animal than re-insurance between insurance companies, as that is not policy-specific.