[arete]

Starting to wonder if this is just beginning the second round.

We already have more scandals than we do people to investigate them. The investment portfolios of insurance companies are just yet another ticking bomb. Where are they going to get the cash needed for reserves and claims? It is a house of cards in a wind storm.

Richard W.

[RightWhale]

The investment portfolios of insurance companies

The institutions. Retirement funds. 700 to 1 leverage. {expletive deleted}.

[grania]

The investment portfolios of insurance companies are just yet another ticking bomb. Where are they going to get the cash needed for reserves and claims? It is a house of cards in a wind storm.

That's been a concern of mine for some time...those annuities. What's going to happen when people who have been paying for years into 403B's (annuities for teachers and someother non-profit organization employees) go to collect them? There's no FDIC insurance there, the insurance companies have set up their own agreements to cover each other.

Interesting that nobody in the media seems to bring this up. And, I still don't hear many financial advisors suggesting insured CD's for the disenchanted.

[tubebender]

"...
We already have more scandals than we do people to investigate them. The investment portfolios of insurance companies are just yet another ticking bomb. Where are they going to get the cash needed for reserves and claims? It is a house of cards in a wind storm."

I have a dilemma...I have two insurance stocks that I have zero basis in. They were mutual companies (MFC and Pru) that went public and I received this stock as a policy holder. I beleive any sale will trigger capital gains on the full amount and I live in Calif so this will be about 40%. They have started to slide in the last few days and this talk about insurance companies makes sense as their investment opportunities are slim.