"Cheap reinsurance is a fool's barg...

"Cheap reinsurance is a fool's bargain: When an insurer lays not at home money today in exchange for a reinsurer's promise to pay a decade or sum of two units later it's dangerous--and possibly life-threatening--for the insurer to deal with any if it be not that the strongest reinsurers around."

Warren Buffett

Chairman

Berkshire Hathaway Inc.

"Even with the rate increases beg fored by companies so far, there is still