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From an insurance perspective, the most valuable insured assets are buildings.
RBS will be responsible for losses on insured assets of as much as £19.5 billion.
It releases $16 billion in regulatory capital to Citi, by giving a generous 20% risk-weighting to the partially insured assets (previously booked at 100%).
These insured assets would include almost the whole of HBOS's corporate loan book, a load of HBOS's mortgages (where the impairment charge has also risen significantly) and a bunch of silly investments made by HBOS's treasury operation.
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A year ago it was revealed to the American people that our banking system is a legalized Ponzi scheme in which bank and insurance CEOs pay themselves billions of dollars in personal compensation to lend and insure assets with money they don't have to customers who can't pay back the loans.
Entire industries are shifting toward data-fueled digital services, such as evolving from car ownership to mobility as a service, or from insuring assets to ensuring behavioral outcomes.
And, they say, individuals as well as local and state governments should be planning accordingly, whether by insuring assets or finding ways to improve crisis response plans and guarantee resilience of infrastructure.
After receiving a second, equally generous loan in 2009, AIG management had the unmitigated gall to announce that the same executives who insured toxic assets like mortgage-backed securities would get $165 million in "retention bonuses".
Elite wealth planners are insightful, talented, and committed professionals who are highly skilled at mitigating taxes as well as insuring assets are well insulated in cases of unfounded lawsuits and the like.
These individuals may want to purchase insurance that is usage-based, or they may only want to insure their assets when they need to.
To sidestep the thorny valuation problem, some have suggested that the bad bank acquire only assets that have already been marked down significantly and guarantee other assets, but officials would have just as difficult a task in determining how much to charge for insuring risky assets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com