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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (11672)	5/21/1998 12:56:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Re: The drop-dead date for insurance companies is 10/1/98 This is the day personal lines policies (auto, homeowners, etc) are issued for renewal starting 1/1/99 -- and expiring on 1/1/2000. So, write that date down as what might be an honest to goodness turning point when prediction turns to reality. Earlier I posted a link to an article about how 20% of insurance companies are in danger of going under by 2000. [BTW, I'm writing this after attending an insurance technology trade show so I've verified this from first-hand sources]. Also, here's a little insurance trivia. If you read insurance policies you will note that, for as long as anyone can remember, they begin and end at 12:01am. So, if a bug supposedly strikes a split second past midnight, but no one is around to see it strike, did it really happen? If a chain reaction happens that takes more than a minute, should the problems arising after 12:01 be treated under the new policy? (I.e. if you get into a fender bender on an icy road at 12:00, but at 12:02 another car spins out of control and totals you, aren't these two separate occurrences that happened in two separate policy years?) The lawyers will have fun with Y2K, that's for sure. - Jeff