Reinsurance industry surges in annual premiums

The topic of reinsurance, while it received some attention during the recent Florida Legislative Special Session for insurance reform, isn’t normally a headline grabber.

But its presence in the background belies its influence on the entire insurance industry. Called "insurance of insurance companies," by the Reinsurance Association of America, the idea is to have insurers spread the risk so no one company is over-exposed to a disaster or event.