Wednesday, January 21, 2009

 

Life Insurers Seek Lower Cash Cushions

To the list of industries seeking government relief, add another: life insurance.

Battered by the financial crisis, life insurers are urging regulators to let them operate with thinner financial cushions -- the capital they must hold to absorb financial shocks and cover their obligations to policyholders.

Life Insurers Seek Lower Cash Cushions
Source: Washington Post

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