According to a Wall Street Journal report, 11 insurance companies claim in new legal documents that J.P. Morgan Chase & Co. allegedly worked to make Enron Corp. appear healthier than it actually was.
Based on legal documents filed late last week, the Journal reported that the decision was part of a move to blanket J.P. Morgan’s exposure to the energy firm. Among the insurers involved are Citigroup Inc.’s Travelers unit, Liberty Mutual Insurance Co., SAFECO, and St. Paul Fire & Marine Insurance Co.
The insurers reportedly will use the allegation defense in a legal battle to determine who will take on the more than $1 billion price tag to pay for Enron’s bad financing.


Oklahoma Schools Destroyed by Tornado Lacked ‘Safe Rooms’
Connecticut Court Rules That Lawyers Can’t Be Sued for Fraud
Wage and Hour Claims Among Top Threats to U.S. Employers
Cyber Attacks On Banks More Serious Than Public Realizes
E&O Insights: Restaurant and Tavern Risks
CEA’s First CIO Reflects C-Suite Trend
Golf and Country Clubs Weather the Storm
Midwest AGs Go After Storm-Chasing Roofing Companies







