Word: upend
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Dates: during 1990-1999
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...most of its life, Transit specialized in insuring municipal bus lines, cab fleets and reasonably predictable things like that. It made money. But in the late 1970s, the same winds that were beginning to upend the boring old savings industry -- high inflation and high interest rates -- were blowing across the insurance fields as well. As interest rates rose, insurers began competing ruinously for customer premiums to invest at those high rates, especially in the lines of insurance that had "long tails" -- decades, often, between collecting premiums and paying claims...