BestWeek: High-Flying Hedge Funds Overlook Liabilities.OLDWICK, N.J. -- The risky nature of hedge funds, combined with their rapid growth, leaves fund managers increasingly exposed to liability risks many of them are underinsured un·der·in·sure tr.v. un·der·in·sured, un·der·in·sur·ing, un·der·in·sures To insure under a policy that provides inadequate benefits: Be certain that you are not underinsured against catastrophic illness. for, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an exclusive article in the April 24 issue of BestWeek. Also in the April 24 BestWeek: --An exclusive A.M. Best Co. special report looks at how Medicare supplement insurers are facing a turbulent transition marked by aggressive competition and changes tied to the recent overhaul of the Medicare program. Also featured is Best's Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". , which finished the week April 20, 2006, at 1,124.94, up 19.1% compared with a year ago. The composite index reflects the performance of 134 insurance stocks. The week's top performers were Vesta Insurance Group Inc.; Presidential Life Corp.; Safety Insurance Group Inc.; Allstate Corp.; and FPIC FPIC First Professionals Insurance Company (Jacksonville, FL) FPIC Field Programmable Interconnect FPIC Federal Partnership for Interoperable Communications FPIC Field Programmable Interconnect Chip Insurance Group Inc. The week's bottom performers were StanCorp Financial Group Inc.; RLI RLI Realtors Land Institute RLI Reserve Life Index (oil industry) RLI Rhodesian Light Infantry (Rhodesian Army Unit) RLI Retail & Leisure International RLI Resource List Interoperability Corp.; United Health Group Inc.; IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Holdings Ltd.; and James River Group Inc. BestWeek is published by A.M. Best Co. for insurance professionals, including home office executives, agents and brokers. To subscribe to BestWeek, please call A.M. Best's customer service department at (908) 439-2200, ext. 5742, or e-mail your request to customer_service@ambest.com. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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