Arthur Hayes Says US Insurers Are Insolvent Over AI Debt: What if He’s Right?
Arthur Hayes says the US insurance coverage trade is already bancrupt as soon as AI-linked debt is marked to market. The declare rests on captive reinsurance buildings that guide nugatory guarantees as actual capital. Forensic accountant Thomas Gober, publishing via analyst Nick Nemeth, discovered $1.54 trillion in affiliated reinsurance towards $657 billion of surplus. Strip…
