Insurers got burned badly in the 2008 financial crisis. So almost a decade later, BlackRock Inc. scoured the industry’s $5 trillion in US investments to figure out how they would fare if markets crash so hard again.
The answer: It could be worse.
The world’s largest money manager mined regulatory filings of more than 500 insurance companies and modeled their portfolios in a similar downturn. The stockpiles -- underpinning obligations to policyholders across the nation - ..