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The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the...


 insurance life
The US House of Representatives has narrowly voted to pass a landmark healthcare reform bill at the heart of President Barack Obama's agenda...


 USA health insurance politics
Banks and other financial institutions face paying two new taxes to fund future bail-outs


 IMF tax bank insurance bancrupt
A novel use of encryption by whistle-blowing website Wikileaks could "challenge the legal system for years to come," according to an influential observer of the hacking community...


 WikiLeaks cryptography politics insurance file
The AA is set to launch a new insurance policy which uses sat-nav technology to track driver performance. The firm said the system would allow its better drivers to receive cheaper premiums.


 navigation GPS insurance driving big brother surveillance privacy