Recent Examples of reinsurance from the Web
Both Hong Kong and Miami are located in strong countries with the advantage of the rule of law, where other countries do not have the reinsurance of a firm legislature.
Oregon will also use approximately $31 million of the insurance taxes to fund the state's reinsurance program, which is supposed to rein in the cost of health insurance by reimbursing companies for particularly expensive claims.
As part of the deal, Lincoln, whose shares Friday closed at a record high of $84.37, will transfer life and annuity assets from the Liberty business to Dai-Ichhi ‘s Protective Life Insurance Co. unit through a reinsurance arrangement.
But this week the company revealed a $9.5bn pre-tax charge to cover reinsurance policies at GE Capital, a business whose difficulties had been thought to be in the past. See article.
Jain runs the company’s namesake reinsurance operation, which for decades has provided Berkshire with billions of premium dollars for investments and acquisitions.
Another bill, Collins-Nelson, would provide seed money for reinsurance programs to help insurers handle more expensive customers.
Both create reinsurance programs to limit insurers’ claims costs.
But as assessments by Munich Re, one of the world’s largest reinsurance companies, have shown, economic losses from natural disasters have been rising for decades.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reinsurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of reinsurance
legal Definition of reinsurance
Seen and Heard
What made you want to look up reinsurance? Please tell us where you read or heard it (including the quote, if possible).