search query: @indexterm BUSINESS FAILURES / total: 193
reference: 57 / 193
| Author: | Spiro, L.N. Weber, J. |
| Title: | This rescue is raising more questions than cheers |
| Journal: | Business Week
1992 : JULY 27, No. 3265-595, p. 38-39 |
| Index terms: | BUILDING SOCIETIES INSURANCE BUSINESS FAILURES |
| Language: | eng |
| Abstract: | Analysis of the largest US insurance company failure. Bailout plan versus creditor banks. Frozen policyholder assets. Prospect of more insolvencies. State regulation of insurance business. Downgrading of credit rating and state seizure. No priority of policyholders over creditors. Moves to salvage part of the company. A Box outlines lessons to be drawn. |
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