Will the Next Bailout Be for Life Insurance Companies?
Will the Next Bailout Be for Life Insurance Companies?
Executives at the largest insurance companies in the United States are alarmed that teenagers, young and white-collar Americans in the prime of life are inexplicably dying at a record pace, causing a “monumental outflow” of death claims and drag on profits that is shaking the industry and causing some to take a fresh look at the problem.
CDC data reported in August showed that Americans in the period January-May 2023 were still dying at abnormally high rates with the pandemic long over. Mortality rates were 25% higher than normal among 15- to 19-year-olds and 20% higher among 45-year-olds considered in the prime of life.
It is the Killer Covid Vax, but the companies that may require a bailout don’t dare say so.
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