New areas of businesses are opening up to Lloyd's that particularly suit its traditional skills in underwriting unusual risks, notably those tied to e-commerce and intellectual property.
Fremont was among the worst of the subprime offenders, using all the now familiar practices: targeting people with bad credit, ignoring traditional standards for underwriting home loans, paying third-party brokers handsomely to bring in gullible customers, and then infecting the larger financial system by selling off the hazardous loans.