With the collapse and utter disarray of the global financial institutions, the domino effect has rippled around the world with losers from all corners of the world growing day by day. From banks, insurance and many other business sectors, their failure means many businesses are suffering down to the individual who ends up losing their jobs, victim of the economic downturn we are all in. The system failed when greed, took over the common interest of the world and the money started to flow out of the market into the pockets of some instead of back into the global economy.
The few benefited with the many suffering from the after-effects, the true magnitude of the financial crisis still to be seen. No country and industry is spared form the effects but for some lucky ones that did have the right insurance with the right providers, it meant the difference between disaster and the ability to weather out the storm.