Failed Insurers: A Common Thread?
In November, 1988, Georgia insurance regulators shut down Victoria Insurance Co., a small insurer that, among other things, wrote policies for professional athletes. In April, 1990, International Forum of Florida (IFF), a health-insurance marketer, was placed in receivership. On June 6 of this year, Pennsylvania insurance officials suspended World Life & Health Insurance Co., which wrote accident and health policies.
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