Business writer Daniel Akst notes that poet Wallace Stevens spent his career in the insurance industry as a highly successful and respected executive who specialized in surety bonds:

Surety bonds are guarantees that one party will fulfill its obligations to another; if it doesn’t, the bond issuer has to pay, but can seek to recover from the party whose actions it guaranteed. Whether the insurer is faced with a legitimate claim can be a matter of almost theological complexity, with large sums at stake.

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