1990s – Crisis

1990s – Crisis

• The disaster we fear is the looming crisis of confidence, of lost credibility, of spreading fear among the public and, ultimately, of a “run on the bank” as policyholders pull their money out of the insurance industry. –  (p160)

—  Prepared Statement: Martin D. Weiss, President, Weiss Research, Inc.

1991 0227, 0507, 0509 and 0523 – GOV (House) – Insurance Company Solvency, (CSPAN) Insurance Company Insolvencies, Cardiss Collins (D-IL)  —  [BonkNote]

• What companies are we talking about when we say companies on the edge?
• So that we’ll all be on the same plane, I’ve grouped some of the more well-known companies as follows:
  • APPROACHING THE EDGE: Fidelity Mutual?, Mutual of New York?, and Travelers?
  • AT THE EDGE: First Capital, Monarch Life, and Mutual Benefit.
  • OVER THE EDGE: Executive Life

—  Mark A. Davis

1992 – SOA – Companies on the Edge, Society of Actuaries – 20p