When the values of stocks and bonds fl uctuate, they have an impact on the balance sheet

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When the values of stocks and bonds fl uctuate, they have an impact on the balance sheet of insurance companies. Why is that impact more likely to be a problem for life insurance companies than for property and casualty companies?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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