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Losses there impaired the insurers' balance sheets, so the debt they insured lost its automatic AAA rating.
An insurance company providing health risk insurance would make a bigger profit if most of those they insured would lose weight, stop smoking, and start exercising regularly.
The uncertainty about how bad the default rates are on the subprime mortgages they insured has created fertile ground for speculators to short the stocks of insurers like Ambac and MBIA and thereby compel the rating agencies to up their capital requirements in order for these insurers to maintain their AAA-rating enhancement capability.
They insured it for $1 million.
Are they insured against a Bannatyne Moment of their own?
Most significant, though, they insured that the administration of New Deal policies was decentralized.
Similar(28)
Roemer (1985) argues that if individuals maximize their expected utility on the insurance market, they insure against states in which they have low marginal utility.
Monoline insurers do a straightforward job: they insure securities — guaranteeing, for instance, that if a bond defaults they'll cover the interest and the principal.
This is because of a peculiar feature of bond insurance: insurers' credit ratings get automatically applied to any bond they insure.
As long as private insurers are allowed to pick whom they insure, there can be no universal health care system.
Contact each insurance provider on your list and ask if they insure historic cars.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com