Insurance underwriters evaluate the risk and exposures of potential clients. These services "alert" underwriters to errors, omissions or misrepresentations made on insurance applications. Lloyd was the managing director of the Aero Insurance Underwriters in New York. In March 2007, 16 of WorldCom's 17 former underwriters reached settlements with investors. In March 2005, 16 of WorldCom's 17 former underwriters reached settlements with the investors. The association is a partnership between in-house members and outside counsel, known as underwriters. The company raised $34 million, less than what the IMS Health underwriters had hoped. Certain industries such as security and cleaning are considered high risk by underwriters. Berkshire Hathaway sold Applied Underwriters in 2019. It became one of the top three underwriters of collateralised debt obligations (CDOs). This was due to a dispute between the Guano Shipping Association and British shipping underwriters. These individuals included a deputy chairman of Lloyd's and some of its leading underwriters. The groups had separate campuses, built to MVA and Underwriters Laboratories codes. Several smoke detection methods are used and documented in industry specifications published by Underwriters Laboratories. SBC remained among the Swiss government's leading underwriters of debt in the post-war years.