AIG crisis could be the tip of an insurance iceberg

As I’ve pointed out in previous comments, the insurance industry bears watching. Insurance is the grease that ensures that global production and trade happen seamlessly. In the absence of insurance, one of the greatest problems we’d have to solve is agricultural production (food to you and me). This, at a time when stocks of grains are at multi-decades lows.

http://www.latimes.com/news/nationworld/nation/la-na-aig30-2009mar30,0,1747696.story

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