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Insurers will also have insurance themselves to cover extremely large claims
by thatguy0900 3y ago
Insurers will also have insurance themselves to cover extremely large claims
- ninju 3y agoYep...reinsurance is a common practice in the industry Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. https://en.wikipedia.org/wiki/Reinsurance https://en.wikipedia.org/wiki/Reinsurance