CBO - Congressional Budget Office
- cbo.gov
- Douglas Holtz-Eakin
- 2003-2005 - Director of the Congressional Budget Office
- Life insurers, whose liabilities are generally more liquid than their assets, are particularly vulnerable to runs by policyholders. (page x)
1994 04 - CBO - The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office --- [BonkNote] --- 80p
- During the early 1990s, however, the solvency problems of the life insurance industry increased, climaxing in the failure in 1991 of several large insurers--
- Executive Life Insurance Company,
- First Capital Life Insurance Company,
- Fidelity Bankers Life Insurance Company,
- Monarch Life Insurance Company, and
- Mutual Benefit Life Insurance Company
- Assessments for Executive Life are expected to total $2.1 billion over five years, with the bulk yet to be paid.
1994 04 - CBO - The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office --- [BonkNote] --- 80p
- 1992 0429 - CBO - CBO Testimony - Statement of James L. Blum, Deputy Director - Congressional Budget Office, before the Subcommittee on Policy Research and Insurance Committee on Banking, Finance and Urban Affairs U. S. House of Representatives - 54p
- 1992 0429 - GOV (House) - H.R. 4731 And The Economic Impact of Insurance Company Insolvencies, Ben Erdreich (D-AL) - [PDF-461-GooglePlay, VIDEO-?]
- 1994 04 - CBO - The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office --- [BonkNote] --- 80p
- During the past decade, the savings and loan crisis and the problems of the banking industry have focused the public's attention on the financial problems in the insurance industry and their implications for the overall economy.
- The life insurance industry suffered from some of the same competitive forces that hurt the savings and loan and banking industries. (pix-no number)
1994 04 - CBO - The Economic Impact of a Solvency Crisis in the Insurance Industry, Congressional Budget Office --- [BonkNote] --- 80p
- 1992 0429 - CBO - Testimony - Statement of James L. Blum, Deputy Director - Congressional Budget Office, before the Subcommittee on Policy Research and Insurance Committee on Banking, Finance and Urban Affairs U. S. House of Representatives - 54p
- 1992 0429 - GOV (House) - H.R. 4731 And The Economic Impact of Insurance Company Insolvencies, Ben Erdreich (D-AL) - [PDF-461-GooglePlay, VIDEO-?]
- Mr. Chairman, I appreciate this opportunity to appear before your Subcommittee to give you some preliminary findings from the report that weare preparing at your request on the economic impact of possible solvency problems in the insurance industry.
- Our report does not evaluate the likelihood of solvency problems in the industry.
- It hypothetically assumes that such problems could exist on a large enough scale to have noticeable impacts on the overall economy, and then lays out what these macroeconomic impacts might be.
- The focus is not on the economic impacts of the event that precipitated the problems in the first place, such as a natural disaster, but on what additional impacts may arise solely from solvency problems in the insurance industry.