You are the owner Yachts International. Your business is worth in excess of $100
million dollars. You are looking at different insurance options. Your average loss per
year due to hurricane and inclement weather is $10 million dollars per year.
Do you prefer to deal with smaller primary insurers or larger insurers and why? What is
reinsurance and what information do you need to know about the purchase of
reinsurance? How does the carriers ability or willingness to purchase reinsurance
impact your decision?