TITLE

Some Liquidation of Bond Assets Likely, ISO Reports

AUTHOR(S)
Johnson, Matthew
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the preliminary estimates compiled by the Insurance Services Office's property claim services unit which shows that 2005 fourth quarter registers an additional $8.9 billion in insured losses. The losses will likely result in reductions in the municipal bond holdings of insurers' asset portfolios. Reinsurance policies and residual market mechanisms will reduce the amount of cash required from the affected property and casualty insurers.
ACCESSION #
19752319

 

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