Insurance Firms Strong

According to Steve Weisbart of the Insurance Institute,insurance companies have plenty of capital.Premiums have gone up because re-insurance went up dramatically in the wake of hurricanes.Re-insurance is the insurance that insurers buy to cover big payouts.It's hard to know how subprime has affected insurers,Mr.Weisbart thinks.The subprime problem has probably affected them very little.They tend to be very conservative investors,the insurance expert revealed.