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...which was rescued last month by a bigger insurer after regulators intervened. So far no major European insurer appears to be seriously at risk of failure, largely because of huge cash reserves that enable firms to meet required solvency levels with ease. Fortis, for example, has a j6 billion cushion and de Mey says that even if the value of its equity holdings drops to zero - a true disaster scenario - it would still have enough capital to satisfy legal minimum solvency requirements. Still, the industry can't afford complacency. "If the markets fall by 15% from here...

Author: /time Magazine | Title: Will Insurers Crash? | 10/13/2002 | See Source »

...Fierstein) wants to be alone in her misery; she growls to Penny, "Go tell your mother she wants you." Edna is married to medium-size Wilbur (Dick Latessa), who runs the local joke shop; his ambition is to "keep the air from leaking out of my sofa-size Whoopee Cushion." The goal Edna mentions has the same working-class practicality about it: she wants to "find a way to get blood out of car upholstery." But she has a loftier, more furtive dream: to be the Oleg Cassini of the dietally-challenged. "I used to design my own clothes...

Author: /time Magazine | Title: That Old Feeling: Let Us "Spray" | 10/7/2002 | See Source »

...native. “I’ve actually lived in Dallas my whole life but just moved to D.C. four years ago for high school,” he explains. There’s a lot of Texan pride here. He points to an embroidered cushion on his armchair that proclaims, “American by birth, Southern by choice, Texan by the grace...

Author: By FM Staff, CRIMSON STAFF WRITER | Title: Game On! | 10/3/2002 | See Source »

REFINANCE. If you have yet to miss a payment, refinancing can ease your burden. You can lower your interest rate, extend the term of your loan (thereby stretching out your payments) or convert some of the equity in your home to a cash cushion you could...

Author: /time Magazine | Title: Curing the Late-Payment Blues | 9/23/2002 | See Source »

...pushed down prices on medical-malpractice policies. The companies funneled premium proceeds into profitable stock and bond investments that continued to rise even as covered losses began to mount. The increase in jury awards has come just as the bear market and low interest rates have eroded the investment cushion...

Author: /time Magazine | Title: Health Care: Out of Medicine | 9/16/2002 | See Source »

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