Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: P. Ramamoorthy who wrote (12160)	7/1/1998 11:31:00 AM
From: Jeffrey S. Mitchell	Respond to of 13949

Insurance companies have to send out policy renewal, etc. well before year 1/1/2000. That means they will need to be y2k-compliant soon. As I've stated before, insurance companies need to be compliant by 10/31/98 as policies are cut the following day with effective dates of 1/1/99 and expiration dates of 1/1/2000. Any insurance company not well along in this process is TOAST! According to the industry trade publication, "The National Underwriter", 20% of insurance companies are considered to be in danger of being wiped out by Y2K. Let's also not forget that Y2K is now an even 1.5 years away. This is make or break time for certain companies who look 1.5 years into the future. I'm not exactly sure what sectors this impacts the most, but I suspect if there are problems we'll be reading about them shortly (gg). - Jeff