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Resource ID: #8282
Subject: Insurance
Source: Detroit News
Date: 1991-11-03



Detroit News finds Michigan taxpayers will have to bail out two politically connected, debt-ridden insurance companies, costing $77 million; the financial troubles of the companies were known to state regulators, who ignored warnings that the companies were in trouble; finds the close relationship between the companies and state government hindered state action until it was too late, Nov. 3 - 6, 1991.

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