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What do you guys think a US default on debt would do to the insurance industry?
Many economists say that interest rates would sky rocket... and since insurance products are most backed by US Treasuries... it should have some kind of a direct effect you would think.
On one hand higher rates would mean better rates & premiums on insurance products... on the other hand, if US debt takes a large hit on financial ratings it could cause the same for Insurers....
Thoughts?
Many economists say that interest rates would sky rocket... and since insurance products are most backed by US Treasuries... it should have some kind of a direct effect you would think.
On one hand higher rates would mean better rates & premiums on insurance products... on the other hand, if US debt takes a large hit on financial ratings it could cause the same for Insurers....
Thoughts?