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Jun 26, 2014
Like Banks, Insurance Companies can also Fail
While doing some research recently on the history of insurance company failures in the US, it suddenly struck me that you, Dear Reader, might be interested in the “Canadian Experience”—hence this article.
First some comments on the differences between banks and both Property & Casualty (P&C) and Life insurance companies in terms of what may trigger a failure (which includes seizure by a regulator)....