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    • When Insurers Fail

    May 30, 2024 by Mary Walsh

    The troubles are deepening fast for the unhappy insurance family of 777 Re, Sentinel Security Life, Atlantic Coast Life, A-Cap, and all their corporate kith and kin. The outlook for their unwitting policyholders is dim.

    The companies and their principals have been named in some 20 lawsuits, in multiple jurisdictions, by creditors chasing hundreds of millions of dollars in unpaid debt.

    Click HERE to read the full story via Substack

     

    Wink’s Moore on the Market: Oh snap!

    I smell a run on the bank.

    Could we have three insurance company failures in just a handful of days? -sjm

    Originally Posted at Substack on May 22, 2024 by Mary Walsh.

    Categories: Industry Articles
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