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Deals

June 01, 1993

Film: Hollywood is about to lose one of its primary insurers of film productions. Completion Bond Co. will quit the business when the films it is now insuring are finished, according to its parent, Transamerica Insurance Group. Completion Bond, which guarantees that independently produced films are finished on time and within budget, was involved in a highly public dispute with director Spike Lee when his "Malcolm X" ran over budget. There was no word from the company on the fate of Completion Bond President Bette L. Smith.

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