Monday, Jun 01, 2020

Insurance pins all the all the financial risks we take

BBC: Coronavirus: Insurers in virus claims test case named

You may think this is not relevant to housing but it is relevant to all aspects of our lives. You will see that even when sitting at home your car insurances will go up, and so will your housing insurance as insurers have to now pay up for the policies they have been writing. Even the mortgages that are given to people are then sold away to investors after they purchase an insurance policy on the Mortgage backed Securities.
Now if the insurers have pay up, they would either need to raise more capital or shrink their underwriting book. This is more important than we all think. Remember AIG from 2008, it was very crucial for the US economy .

Posted by deepak @ 05:19 PM (612 views)
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