Insurance companies posting investment losses ending Sept. 30 2008.
October 27, 2008
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But these losses on investments will only increase greater based on the stock market performance in October 2008 which has been the worst month since the Great Depression. If you think the losses were big for the qtr ending in Sept. 30th 2008 then you will be shocked when you see the losses caused by the worst month since the Great Depression unfold next qtr,