Search results
The Resolution of a Systemically Important Insurance Company during the Great Depression. Jonathan D. Rose* December 7, 2015. Abstract. This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company.
30 sty 2023 · Time again, government regulators have either failed to stop financial crises or have exacerbated them. Examples are too numerous to discuss in detail here, so we will address only two of the more egregious cases, the Great Depression of the 1930s and the Savings and Loan (S&L) Crisis of the 1980s.
11 sty 2018 · This article explores the economic issues related to financial crises at insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse American insurance company that experienced a major crisis in 1933 due to losses from its guarantees of mortgage-backed securities.
8 kwi 2019 · The insurance industry was deeply involved in the Great Depression. When the stock market crashed, the formerly abstract risks endemic to the 1920s mortgage market surfaced as borrowers could no longer afford even moderate monthly payments. It was insurance companies that had lent into the mortgage market extensively more so than banks.
19 cze 2020 · This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that experienced a major crisis in 1933 due to losses from its guarantees of mortgage-backed securities.
All things considered, the conservative insurance sector weathered the Great Depression far better than the commercial banking sector. In fact, as happened after our most recent financial crash, many insurers saw a big increase in business in the immediate aftermath of the 1929 crash.
18 lip 2011 · This volume starts with three articles dealing with the topics of insurance and regulation, with papers on lessons from the credit crisis with respect to risk management and regulation, insurers’ financial and asset risks during the crisis, and risk disclosures in the European insurance industry.
