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Since February 1973, when the American Life Insurance coverage Firm (ALICO) first went to Japan to participate out there, fifteen overseas life insurance coverage firms (with greater than 50% international capital) are presently in business.
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Smaller insurers of the bubble period purchased such stock at relatively excessive costs, with the end result that, at 1997’s yr-finish depressed stock prices, all but two middle-tier (size rank 9 to sixteen) life insurance corporations had unrealized internet losses.
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