Which factors are likely to lead to the collapse of an insurance company?
To hear them complain...It would be because I had not paid my monthly premium. That said...I don't see how I could be fully responsible.
Insurance companies have to maintain a certain amount of cash reserves intended to cover the average stream of claims and can hold the rest of their money in safe investments. We almost saw an insurance industry collapse when mortgage backed securities fell apart, because the securities were worthless once it was realized the owners only got income from mortgage securities as mortgages were paid but could not foreclose on property or own anything - and insurance companies held tons of those MBS.
After major hurricanes and earthquakes, some insurers go bankrupt if they did not have enough financial reserves to pay insurance policy holders' claims and still stay in business.
Insurance companies are designed to protect you from a financial crisis. So what happens when the insurance company goes out of business? These points can help you prepare for just that situation. read more
by lady_love158 7 years ago
http://www.cato-at-liberty.org/medicare … um=twitterDoes anyone really believe that government health care will be cheaper and better than what we have and without fraud waste and abuse??
by Faith Reaper 3 years ago
Should a spouse be able to take out a life insurance policy on their spouse without their knowledge?In light of the Colorado man who allegedly pushed his wealthy wife off a cliff, and who is also now being looked at for his first wife's murder after a car fell on her ...being he had taken out...
by Arvind Babajee 22 months ago
What is meant by Investment banking?
by Kiz 10 years ago
A friend passed this to me, and after reading it I gotta say, I'm angry with Walmart - again.http://www.cnn.com/2008/US/03/25/walmar … index.html Now, if you're angry like me about this by the time you finish reading the story, here's Walmart's contact info so you can write them and plead...
by MissJamieD 5 years ago
Ok, I live in Minnesota and the law says you must have auto insurance to be driving on the road. If you don't have it, you can/will be charged a fine and possibly jail time. I do understand how important it is to have insurance. If you're in an accident, it helps pay the victims medical bills, etc....
by Peeples 5 years ago
I was involved in a bad car accident today, what should I expect next?I was turning at an intersection this morning and someone ran their light and t boned my car. It is totaled. I am being told to call the other person's insurance company and honestly I am not comfortable with that. I also had to...
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