Danger, Will Robinson!
August 9, 2003 2:53 PM Subscribe
Insurance companies abandon brokerage firms. A brokerage firm would have to have a catastrophic meltdown before insurance would pay the "last" dime to protect investors' accounts, after all other means had been exhausted. In fact, they haven't had to pay a single claim in over 30 years. So why are three major insurers suddenly getting out of the business? (NYT subscription req.)
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