Reasons for Insolvency

GoNGS like the Gong show is good because the gong meant they were gong. We can also go with

Deficient Reserves
Under Pricing
New Entrant to the market
Growth too rapid

Because they are in deep you know what.

Comments

  • Funny! I added it to the wiki. Thx!

  • edited November 2020

    More reasons for insolvency with the same theme:

    Catastrophe
    Reinsurer insolvency
    Asbestos
    Poor investment results

    I wrote these in my notes after reviewing accepted answers to 2019.Spring #3 and 2016.Fall #3.

  • LOL! Did you realize the first letters spell "CRAP"? In any case, I added it to the wiki. Thx!

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