Bungee jump

BAD banks are like cockroach infestations: see one and you can be sure there are more about. There is a logic to this: loans held by any big bank are widely syndicated, so its difficulties may be widely syndicated too. In the insurance industry, however, the opposite is true. See a few firms crash, and industry-wide prosperity is probably just around the corner. In which case, the industry, which has been going through a rotten stretch of bad news, may now be in its best shape for years.