This has numerous insurance underwriters considerably nervous about the potential fallout.
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Mutual funds now find themselves in a redemption phase as do hedge funds and insurance underwriters who are major players in variable annuities, guaranteed investment contracts and mutual funds.
Life insurance underwriters really aren't in the insurance business.
But more than that, Hopkins's father was the author of A Handbook of Average and A Manual of Marine Insurance, both standard reference books for negotiating, averaging, and adjusting the liabilities to insurance underwriters of cargo losses and shipwrecks, so Hopkins grew up in a world wet with marine accidents and was especially attentive to them.
The insurance company underwriters decide the outcome of this scenario.
In Florida, the number of underwriters of malpractice insurance has fallen in three years from 66 to 12.
Jessica Waltman, senior vice president of government affairs for the National Association of Health Underwriters, said she favored insurance plans offering narrow annual windows in which people could buy policies.
Other investors have ridden the MBIA roller coaster as the company has skirted death over its overwhelming insurance claims, then negotiated settlements with mortgage underwriters and securities issuers like Flagstar it says misled it about the quality of the underlying loans it insured.
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Steven Lindsay, a licensed insurance agent and a lobbyist for the California Association of Health Underwriters, says that in some circumstances, insurers will give steep discounts to preferred customers.
Urban suggests going to the National Association of Health Underwriters Web site, where people searching for health insurance can punch in a zip code to get a short list of local and licensed brokers.
Mark Gregory, chief executive of Bowring Marsh, a unit of insurance broker Marsh, says clients particularly admire the skill of Lloyd's underwriters at dealing with unusual and complex risks (try Ugly Betty's smile).
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