My concern about the situation of insurance companies in relatiion to the current troubles in the the sub-prime mortgage business is not that insurance companies will have a lot of extra claims to pay.
What worries me is that insurance companies have invested their cash-on-hand into mortgage based securities that may lose a great deal of value. Underwriters’ financial statements are quite obscure on the subject of the type and quality of their security holdings.
SEO
My concern about the situation of insurance companies in relatiion to the current troubles in the the sub-prime mortgage business is not that insurance companies will have a lot of extra claims to pay.
What worries me is that insurance companies have invested their cash-on-hand into mortgage based securities that may lose a great deal of value. Underwriters’ financial statements are quite obscure on the subject of the type and quality of their security holdings.
SEO