Hoping the worst is over for insurers

“NEW YORK (CNNMoney.com) — A trio of major insurance companies will announce their third quarter financial results after the closing bell Wednesday and investors are bracing for poor results.” We are expecting that there will be deficits. I am just wondering how bad it is actually going to be. It was announced that they will not meet their previously announced guidance, mostly do to the fact that they had to write down their investments in financially troubled firms. I guess we will see how it all turns out. Cross your fingers!

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