(Reuters) - Finite insurance policies were used by some insurers to
inflate quarterly earnings or camouflage losses until an
investigation by the SEC two years ago. They were called finite
because the risk in the policies was limited.
Assurant, a New York City-based specialty insurer, was one
of several companies, including XL Capital and Genworth
Financial , to receive subpoenas from the SEC in 2005.
Read more at Reuters.com Government Filings News
inflate quarterly earnings or camouflage losses until an
investigation by the SEC two years ago. They were called finite
because the risk in the policies was limited.
Assurant, a New York City-based specialty insurer, was one
of several companies, including XL Capital and Genworth
Financial , to receive subpoenas from the SEC in 2005.
Read more at Reuters.com Government Filings News
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