The Investments of Life Insurance Companies
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In our eReader you can find the full English version of the book. Read The Investments of Life Insurance Companies Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Investments of Life Insurance Companies
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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.
What to read after The Investments of Life Insurance Companies?
You can find similar books in the "Read Also" column, or choose other free books by Lester William Zartman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
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.
What to read after The Investments of Life Insurance Companies?
You can find similar books in the "Read Also" column, or choose other free books by Lester William Zartman to read onlineMoreLess
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