Grapevine: Apr. 23, 1990

IF YOU CAN'T TRUST YOUR INSURER . . . There are ominous signs that the insurance industry may be facing a crisis that could rival the savings and loan debacle. Though insurers get income from premiums, most of their earnings come from investments, which have suffered major losses due to plunges in the real estate and junk-bond markets. Some are stuck with more than $1 billion in troubled mortgages, and the industry as a whole owns $60 billion worth of junk bonds. Compounding concerns is the fact that 1989 was one of the costliest years for accidents: tens of billions in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!