U.S. Life Insurers Will Lose Billions On Subprime, Alt-A, Says Fitch
U.S. life insurers have about $7 billion to $8 billion in unrealized mark-to-market losses on subprime and Alt-A related investments, according to Fitch Ratings. Less than half, between $2 billion and $3 billion of those losses will be reported in the fourth quarter of 2007. Total expected losses ...
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