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To: Norrin Radd who wrote (2752)	3/11/1998 11:04:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

UICC reportedly to get 9.6 bln twd insurance compensation TAIPEI (AFX-ASIA) - Insurers have in principle agreed to pay United Integrated Circuits Corp (UICC) 9.6 bln twd in compensation for a plant damaged by fire in October 1997, the Commercial Times reported. The newspaper reported the payment to UICC is the largest ever insurance payment in Taiwan corporate history, surpassing the 5.7 bln twd paid to Winbond Electronics Corp last year. However, it reported that local insurers are unlikely to suffer significantly from the UICC settlement as the majority of the subject insurance was reinsured. UICC is a unit of United Microelectronics Corp.