Reinsurance 6344335690741381224-blid-903558001341158759

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When the unexpected happens such as the September 11 tragedy of the twin towers, insurance companies are overwhelmed by claims which they have no way of paying and are thus forced into bankruptcy! This is where reinsurance comes in handy; the insurance company will insure itself against such extraordinary situations, which they may not be able to handle.
from: http://ezinearticles.com/?Reinsurance&id=390083