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 Faith Reaper 9 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 lady_love158 14 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 Arthur Russ 3 years ago
1: Back in the mid-1990s my wife learnt to drive so that she could get to university as a mature student. It was then that we started to have annual two-week holidays (vacations) in southern France. In 2003, on our last day of the holiday in southern France, while in our 2nd hand...
by rtlemybrains 9 years ago
I have been paying on a house for 15 yrs, got her paid off. Had insurance the whole time, but now that it is in our name the insurance companies won't insure it. Even the company that the landlord had it threw said to much wrong with it, and it looks better than it did when we moved in. I don't...
by Kiz Robinson 17 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 Angela 9 years ago
Why did auto insurance company send me a check instead of the body shop?Had an accident in early December. My insurance company covered the incident and the claim happened to be in the first 60 days of me joining them. Anywho sent the car to one of their repair shops, the car was repaired. I paid...
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