ein Grund für die schlechte Performance der Versicherungsaktien, bzw. ein weiterer Grund zur Vorsicht für Policy holders.
Auszug aus dem täglichen Artickel von Bill Fleckenstein (sitzt auch im Aufsichtsrat bei PAAS und ist ein bekannter short seller)

Heads Up, Over & Out: Lastly, an article in today's Wall Street Journal about D&O insurance may serve as an early alert to possible problems with other"long-tail" insurance. (For those who don't know,"D&O" stands for"directors and officers liability insurance.") The story cites the fact that some insurance companies, namely Reliance, have gotten into trouble, creating problems for their corporate policyholders. That brings up a point. Anyone who buys long-term insurance needs to think about the quality and the balance sheet of the company that's issuing the policy.

Sometimes, the cheapest policy isn't the best, because an insurance company that follows poor practices can get into trouble and be unable to provide your insurance when you need it. Obviously, state regulators try to pay careful attention to this, but going forward, who knows what we'll find about how derivatives might have been used, and where? Anyway, I don't know of any immediate problem, but I wanted to give a heads-up to people who hadn't thought about it before


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