Super rich are $300 billion lighter
The recession has taken its toll on the nation's super rich, whose collective net worth fell for only the fifth time in 28 years, according to a survey released Wednesday.EdwardsLifesciences, the stylized E logo, Carpentier-Edwards, Cosgrove-Edwards,FloTrac, Fogarty, PERIMOUNT Magna and Swan-Ganz are trademarks of EdwardsLifesciences Corporation and are registered in the United States Patentand Trademark Office.Media Contact:Amanda Fowler949-250-5070Investor Contact:David K. agencies have called on the EricksonAir-Crane Helitanker when they were in need of fast and precise suppression ofthreatening wildfires. Capitalization declined for the property/casualty(P/C) industry partly due to weaker investment results and underwriting losses.Life insurers opted to preserve or rebuild capital to maintain their financialstrength while "de-risking" their product portfolios.* Storm losses and higher incurred claims drove the P/C industry to a netunderwriting loss of about C$238.0 million in 2008, while the combined ratiodeteriorated to 101.1, up from 93.2. is now in my 'must try' list."About TechCrunch50Founded in 2007 by leading technology blog TechCrunch and entrepreneurJason Calacanis, the TechCrunch50 conference provides a platform forearly-stage, and frequently unfunded, companies to launch for the firsttime to the technology industry's most influential venture capitalists,corporations, angel investors, fellow entrepreneurs and the internationalmedia.
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