Dollar.bmpNo matter what Uncle Sam does, or how many taxpayer dollars are poured into the financial system, the economy seems determined to tank, taking the stock market (and our retirement funds) along with it. It’s clear there are no quick-fixes here, so insurers, agents and risk managers had better fasten their seat belts, because we are in for one incredibly bumpy ride.

Like most, I’m disappointed (and a little scared) to see stocks plummet despite the hundreds of billions being borrowed (thanks, China!) by the U.S. government to revive the credit markets and bail out financial giants like AIG. Yet why should stock values rebound when the underlying economy is obviously so weak, with no turnaround in sight?

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.