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Danger, Will Robinson!

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.)
posted by kablam on Aug 9, 2003 - 5 comments

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