The great unknown
While the depth of the insurance industry's involvement with the sub-prime mortgage crisis is unknown, the world's financial markets are geared for the worst. Martin Friel explores the possible scenarios that could arise, and discovers how it may not be all bad news for the industry
It's the end of the world as we know it - well, if the panicked headlines of late are anything to go by, it is. There has been much hand-wringing and gnashing of teeth over the sub-prime mortgage crisis (see box), which threatens to pull the global economy into recession.
The doom mongers have been having a field day predicting the worst scenarios, with some even suggesting that the crisis could deepen to the point where there will be a full market crash on the scale of the Wall Street crash of
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