Some Liquidation of Bond Assets Likely, ISO Reports

Johnson, Matthew
February 2006
Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p6
Trade Publication
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.


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