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In Reply to: Why do insurance companies fail? posted by David Smith on October 22, 2003 at 03:53:38:
David
Along the lines of what Jan said, I think large punitive awards hurt abusive carriers, but also faltering investments hurt the carriers asset base and they try and recoup by raising rates.
SD
: Hi, I am carrying out a piece of research through university at the reasons behind failing insurers. I know you can look at the financial aspect, and i have done that. However i would like to observe the underlying reason why they have failed. Does anyone hold opinions on this, or have any relevant materials they could email me. I would be very grateful.