Insurance industry update — July 2013

By Steve Savant

Is the insurance industry using reinsurance captives to escape reserving? Are letters of credit causing some carriers to fall below the RBC requirements? Is this the 1990s ratings fiasco all over again? Steve and Eric touch on all the topics affecting the insurance industry, with side-bar conversations on millennials going for Roth IRAs over traditional IRAs and 401(k) borrowing — the coming catastrophe.