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And the CDO squareds and they were being insured.
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But policies can cost far more, depending on what is being insured.
Compared with what is being insured, the current fund "is not a lot of money, if you think about it".
Hannover Re experienced catastrophe losses in 2010 that were 21% higher than the amount it took in on premiums.That probably reflects one disaster-prone year and the fact that more things are being insured, rather than rising risks of calamity.
But around that time, I got the renewal letter for the homeowner's insurance on our house in Connecticut and was shocked to see that it was being insured for a value 14 percent higher than we paid in 2008.
Specific insurance policies may encourage different HSP purchases, depending on the type of home that is being insured and perhaps the crime profile of the surrounding area.
An additional criterion was being insured for the whole matching calendar year.
Traditionally, insurers had to rely on information provided by the person they were being asked to insure.
The suit alleges that Goldman didn't tell Abacus investors that the bonds they were essentially insuring were being picked by a firm (Paulson) which was betting that they'd fail.
Naturally, insurance is cheapest when the risk being insured against seems most remote.
Being uninsured or insured by Medicaid has been consistently found to be less adequate than being insured by Medicare or by a private insurer [ 5, 17, 18].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com