It has been a very active hurricane season this year. There were a couple of big ones that caused a lot of damage like Gustav and Ike. Every time these disasters happen, I always wonder if my term life insurance will be gone. Why? Because when these disasters happen, a lot of insurance companies could go belly-up. That was exactly what happened in Florida 4 years ago when there was an onslaught of hurricanes. Many insurance companies were overwhelmed with claims till they had to close because they could not afford to pay off all the claims. This hurricane season is almost ending, so I really hope that it will just go away quietly without causing any trouble and causing me worrries.
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