Southeast News

Viewing comments for:

Fla. Insurance Commissioner McCarty Issues Subpoenas to 17 Reinsurers

Southeast News • April 25, 2005
Florida insurance regulators are probing the dealings of 17 reinsurers selling finite risk policies. Florida's Insurance Commissioner Kevin McCarty said that he has issued investigative subpoenas ...

Insurance Journal is not responsible for the content of the message below.

Subject: RE: RE: finite re-insurance

Posted On: April 27, 2005, 2:48 am CDT
Posted By: Mr Index
Comment:
I asked "what is wrong with it IF [it is accounted for correctly]". Then it is essentially just a loan from the R/I company, nothing wrong with a loan!

Yes, the incorrect accounting of this "loan" did bolster FAI's earnings and was one factor in the HIH collapse - ah well Williams and Adler will have some lonely nights to reflect on that now.
Subject Posted By Posted On
RE: subpoenas surev0
Apr 27, 2005, 8:11 am
RE: RE: finite re-insurance Mr Index
Apr 27, 2005, 2:48 am
RE: finite re-insurance Lachlan
Apr 26, 2005, 5:32 pm
RE: subpoenas b altman
Apr 26, 2005, 2:51 pm
subpoenas cliff mckelvy
Apr 26, 2005, 1:19 pm
finite re-insurance Mr Index
Apr 25, 2005, 11:26 pm
Back to article

Post a Comment

.