Insurers Find Workarounds on Risky Debt as Regulators Play Whac-A-Mole
It took state insurance commissioners four years to clamp down on one kind of structured debt.
Meanwhile, insurers piled into other, equally risky, flavors.
It took state insurance commissioners four years to clamp down on one kind of structured debt.
Meanwhile, insurers piled into other, equally risky, flavors.