While some of its partners such as Anadarko and Transocean are covered to a certain extent by insurance, BP, like many of the major oil companies, has a negligible amount of its exposure insured, says Syme.
Here is an example: one of the orgs cited in this article is run by a bevy of former major health insurer employees and largely governed by major insurers who claim to be advocating transparency on behalf of self-insured employers.
For starters, most of the major institutions that cratered in 2008 were not universal banks that funded capital market activities (such as underwriting) with insured deposits.