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Mai Her's avatar

The fall out is just getting started. My partner works for a life insurance company and claims for working age people are continuing to trend upward in the first quarter of 2022.

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Igor Chudov's avatar

Any more details of this?

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Mai Her's avatar

So far there is only one month of data. We will have a better idea how this trend appears to be playing out after the first quarter.

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Igor Chudov's avatar

Let us know, it is very interesting.

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HardeeHo's avatar

These data are exceedingly important. That small company in Iowa (?) noted an increase of 40% in working age people deaths which was multiple deviations from the norm. If true, that spells great trouble as the news leaks out. Can the economy afford such losses? Can the insurance industry recover those losses? We will learn the true as group rates get reset. Maybe the politicos are already aware of the data and are scurrying around trying to develop a poll tested focus group set of spin words to mouth in the press.

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HardeeHo's avatar

I recall reading it. Still that is but one report and so far not much from the big guys. I even looked around at the companies that are nearly pure play life insurers and haven't seen any change in valuations. But their reserves may be adequate given low interest rates. The real tell is escalation of rates in group plans. I'n not longer in a place to know if that is happening. Readers here might know.

I have heard average US life expectancy has decreased over he last few years with the explanation being drug deaths. One day maybe somebody would really take a hard look at drug policy - another policy failure, but doesn't affect me so I don't care <sarc>.

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ㅤㅤㅤ ㅤ's avatar

I wonder how the media will handle all of it...

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