chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
Can you believe it. Not surprising... they want to use the money. This is probably the work of the big companies that sold CDOs... and others insurer wanting to do M&A with the money. Not to mention that many insurers are now having reduce ratings because they were caught holding too many MBS. Going from AA to A or A to B is tough to swallow... but that means the system is working like it should.
We buy insurance to get rid of life risk not take on business and market risk.
Groups Oppose Easing Insurer-Reserve Rules - WSJ.com
If you own insurance... write your state insurance commission and complain. Better do it quick. You might find your premiums are going to pay bonuses instead of making sure you are paid if you have a life event.
You would think insurance commissioners would realize that singular events like the recent market meltdown is the type of thing that puts the entire insurance industry at risk of not being able to pay up on claims.
We buy insurance to get rid of life risk not take on business and market risk.
Groups Oppose Easing Insurer-Reserve Rules - WSJ.com
If you own insurance... write your state insurance commission and complain. Better do it quick. You might find your premiums are going to pay bonuses instead of making sure you are paid if you have a life event.
You would think insurance commissioners would realize that singular events like the recent market meltdown is the type of thing that puts the entire insurance industry at risk of not being able to pay up on claims.