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Technology Stocks : America On-Line: will it survive ...?
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To: Keith J who wrote (9068)3/26/1998 6:27:00 PM
From: Harry Larson   of 13594
 
Called our insurance guy. He reports that Provident's health insurance unit is unrated by AM Best and has a BB (vulnerable) Claims-Paying Ability rating by S&P -- and that was before today's announcement of FY97 debacle that pummeled the stock 20% to $5.25.

BB -- Financial security may be adequate, but capacity
to meet policyholder obligations, particularly with
respect to long-term or "long-tail" policies, is
vulnerable to adverse economic and underwriting
conditions.

And ya gotta wonder when Coppers & Lybrand resigns an account, as it did with Provident.
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