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.