Insurance Companies on the Run
- November 9th, 2011
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A few years back, there were a lot of insurance companies popping up like mushrooms. They were basically all over the place. There were insurance companies focusing on cars. There were also companies specifically tailored for college education. Most of these companies were believed to be doing well. Insurance costs were on the rise so everybody believed that the prices rose due to high demand, like in the law of supply and demand. However, everything did not go as it should. Somehow, the economy failed big time. Even some of the larger banks in and out of the United States closed down. It’s no wonder even the largest college assurance companies in the Philippines closed down too. Everyone was sad when that happened. A lot of people’s dreams and futures depended on that single insurance company. It was a disaster that nobody anticipated. We all hope and pray that it never happens again.
Over the last year I have had several