How many more Equitable Lifes?

摘要

As the ftse 100 stockmarket index slumped on January 27th to its lowest point since autumn 1995 after falling continuously for ten days, British insurers' share prices fell even further. Aviva and Prudential, two of Britain's largest insurers, lost 747% and 745% respectively on that day. The insurers' sufferings are especially worrying because their troubles have contributed to the fall in the markets, and because the more the markets fall, the more trouble the insurers are in.