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To: Glenn D. Rudolph who wrote (139633)2/21/2002 12:58:17 AM
From: H James Morris  Respond to of 164684
 
>>Segway enthusiasts, start your modems!
Amazon.com began auctioning three of the hotly anticipated speedy scooters yesterday and the bidding quickly surpassed $37,000.<<

seattletimes.nwsource.com



To: Glenn D. Rudolph who wrote (139633)2/21/2002 1:04:53 AM
From: H James Morris  Respond to of 164684
 
>>A senior executive from AIG, the world's largest insurer, on Wednesday warned that following the Enron scandal the insurance industry was facing a disastrous run of claims over policies that cover shareholder lawsuit liabilities.

Thomas Tizzio, senior vice-chairman at AIG, said that the financial fall-out from the energy trader's collapse and other high-profile failures, such as the recent bankruptcy filing of retailer K-Mart, were a "wake-up" call for the insurance industry.

Insurers write "Directors & Officers" (D&O) policies for companies that are triggered when shareholders file lawsuits after financial shocks. As well as covering awards, insurers are usually obligated to pay legal fees and these account for the lion's share of their liabilities, even if the companies eventually defeat the suits. <<
news.ft.com