Bank B is stuck with a big loss it thought it was insured against.
In California, for much the same reason, only one in five homes is insured against earthquakes.
Companies have insured against turbulence by padding inventories and accepting the high costs of reactive orchestration.
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Second, while creditors are insured against a systemic collapse they are not insured against a partial collapse.
You might be able to put down less than 20% by having your mortgage insured against default.
One of the selling points for some of these bonds is that they are insured against default.
Insured against paying the full price of failure, people may take risks they would otherwise have avoided.
Its deposits are FDIC-insured against bank failures (not, of course, against currency losses).
Case in point: fewer than half the residents in flood and hurricane-prone areas were insured against water damage from Hurricane Katrina and Hurricane Sandy.
In the Czech Republic the proportion of households insured against flooding has doubled since 1997, when Moravia, in the east of the country, was inundated.
If you have a situation where the rich are fully satisfied with their portfolios, and these are insured against depreciation and disaster, then the rich will stop spending.
Yet a near record amount, nearly half a trillion dollars worth, of municipal debt was floated in 2009, according to Thomson Reuters, with just under 9% of it insured against default.
This means that people differ in how much they value being insured against bad outcomes, and those who value insurance the most also happen to be those who have low expected costs.
Who among those of us who are lucky enough to be insured against illness would not like to be able to understand, in advance, what it is likely to cost us out-of-pocket should we find ourselves engulfed in a battle with cancer or some other unpleasant medical experience?
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Using a range as a target for funding insured Facebook against appearing to fall short of raising money if there wasn't lots of demand for the deal, said the people.
The allegedly bogus company, Del-Kleen, got fat state contracts by showing it had insured its workers against injury, a requirement for state government jobs in Texas.
Of course, that hasn't stopped industry leaders from calling for an extension of the Terrorism Risk Insurance Act, signed by President George W. Bush in 2002 as a public-private program designed to help guard against insured losses from terrorism risk.
But there is quite a big cost of being insured by the banks against those risks.
Goldman has said that ACA knew of Paulson's bets against mortgage securities when it insured the deal.
Meanwhile, European action against Iran means that oil tankers insured by companies operating in the EU as are nine out of ten vessels in the global fleet and carrying Iranian oil will lose their coverage if they continue.
The FDIC brings actions against professionals who have acted negligently and contributed to the failure of an insured institution.
The insurer's contract language, she says, reflects that, "like most homeowner insurers, Allstate provides coverage against losses that occur only on a chance basis, " or where the insured cannot control the loss.
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