After Banks, the next to be hit is Insurance Companies?

[lifeafter41]

After the fall of banks, understand the banks themselves took out insurances on the investment portfolios which has now gone bad and are now looking towards the insurance companies to make up on the losses, Lehman is an example, Will Insurance Companies will be the next domino?. (AIG included)

 

[DIVISION1]

If insurance companies practice due diligence, such defaults should not be likely. If it were otherwise...................

 

[makapaaa]

Still banks. The next to implode would be the credit card debt market?

 

[BlueCat]

those insurance companies also invested those insurance-link investment funds mostly on financial stocks,so should have been affected. just look at AIG.
and they loan out funds to those financial institutions also.
no matter what due diligence that they have in place,also no use,when the times are good,not only financial institutions but those insurance companies also entice people to borrow from them.

 

[lifeafter41]

If insurance companies practice due diligence, such defaults should not be likely. If it were otherwise...................

I believe it is otherwise......

 

[lifeafter41]

Still banks. The next to implode would be the credit card debt market?

I believe the credit card debt market would be hit, but at a later time. As the economy worsen, businesses fails, retrenchments and people starts losing jobs, that's where it will hit the credit card debt market.