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That could pose a moral hazard, giving the impression that federal intervention was keeping investors from being punished for poor risks.
NEW YORK — Society women are poor risks for insurance, according to the delegates at the annual Congress of American Life Insurance Companies at Chicago.
The primary function of many of the very early credit bureaus was to maintain a list of customers who were considered poor risks.
A surfeit of lending to overstretched property developers, state-owned smokestacks, politicians' cronies and other poor risks has left banks' balance sheets riddled with holes.
Robert E. Mackoul, president of Mackoul & Associates, an insurance broker in Long Beach on Long Island, said he believed that premiums for buildings that are considered poor risks could increase even more -- by as much as 300percentt.
Finally, Mr. Mackoul said, in some cases buildings previously considered moderate risks -- those that have not filed an unusually high number of claims -- are now considered poor risks, because of the changing economy.
Similar(39)
"This says there is poor risk management there".
Poor risk management is not an actionable legal violation.
We're afraid he was a poor risk, but we admire his gumption.
Instead, some investigators suspect that chaos and poor risk control systems were to blame.
We are not good at letting go, and in my experience we are also very poor risk assessors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com