Thanks, Reinsurance: Colorado Premiums to Drop By 18%

[mr_lebowski]

1. Yeah ... unfortunately the Reinsurance Companies are among the most powerful companies

in the entire world ... a HUGE global industry that a scant few regular folks have any awareness of.

Without making your eyes glaze over with the details, this handful of companies (at least, there's not that many REALLY big ones) are the insurance companies ... of the insurance companies we all know of.

IOW, your Geico's and Progressives are more or less 'fronts' for the Global, BIG MONEY Reinsurance companies.

The only major one's you've likely heard of are Berkshire Hathway and Lloyds (of London). But the two biggest by far are Munich Reinsurance and Swiss Re, Ltd.

Given their money and power, I would not count on Federal Regulators under Trump giving the CO plan the okay. I hope I'm pleasantly surprised though, by all means.