Question 1&nbspWhat is reinsurance? What has caused Berkshire

Question 1: What is reinsurance? What has caused Berkshire Hathaway to re-examine its reinsurance business?Question 2:How should a business like Berkshire Hathaway decide whether it is time to scale back one of its lines of business?Question 3:What is float? Why has Warren Buffett always liked insurance because of float?Question 4:Why do you think it has taken so long for competition to drive out high profits in the reinsurance industry?Question 5:Berkshire already sells car insurance to individuals over the internet, and it is planning to move into online insurance targeting small and midsize businesses. Would you buy insurance online? Why or why not?

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