That is why hedging in effect insuring against the risk of unexpected currency movements—has become such a big business.
Another is the fact that American health insurers earn a lot of revenue from administering the health plans provided to employees by big corporations which, in effect, insure themselves.
One party collects a fee for promising to, in effect, insure a bond; the other party makes the premium payments, and gets a big payoff if the bond goes bad.
The American home-buying process depends on entities like Fannie Mae or private banks to securitize mortgages, meaning that loans are backed up by investors who, in effect, insure the loan by paying cash up front for a steady payment schedule.
In December, Congress voted instead to use revenues from the two behemoths to fund the payroll tax, in effect insuring the companies' survival at least a little longer.
So Swiss Re offered, in effect, to insure the entire business of UGG, knowing that it needs to set aside less capital than UGG did.
Ron Nielson, senior advisor, said, "When Governor Johnson was excluded from the NBC/Politico debate last month, it was speculated that there was a 'Gary Johnson Rule' in effect to insure that he would not be on the stage.
Studies on the NHI had investigated multiple perspectives, including, for example, access, expenditure, and copayment, and demonstrated that the NHI had significant effects on the insured.
The effect of more siblings in the family is as strong as the effect of being privately insured.
