 | James Veach on Union Indemnity's Belated Distribution: Tumult on the way to a First Partial Payment
The mid-1980s were the golden age of insurance insolvency. The current sub-prime meltdown and the agonies at mono-line insurers MBIA and Ambac scare a lot of people about the consequences of slipping from a AAA to a AA rating. But the 1980s, on the other hand, saw dozens of insurers and several large carriers writing business in all fifty states go down like duck pins. These failures stressed guaranty funBy James Veach
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