The book The Investments of Life Insurance Companies was written by author Lester William Zartman Here you can read free online of The Investments of Life Insurance Companies book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Investments of Life Insurance Companies a good or bad book?
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Organised by specu- lators and managed by incapable men, they did not fail because of any epidemic among the policy-holders, or because of a financial crisis, but because there v^as no room for so many companies, and the weakest were forced out of existence. The causes of the popularity of insurance during the later war period had disap- peared, the great profits from insuring had not material- ised to the policy-holders, and the amount of insurance in force began to decline with even some of t...he strong- est companies as early as 1868. Hence it was not strange that the young companies, mismanaged, with a high expense ratio, and with salary lists rivaling the larger companies became insolvent. The year 18Y5 marks the beginning of a number of important failures. Certain companies with consider- able assets had showed signs of weakness and with the continued hard times began to become insolvent. In the history of nearly every one of these larger failures, something of interest from the investment standpoint can be gained.
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