J.P. Morgan Chase & Co. announced it has settled its dispute with 10 of the 11 insurance companies regarding the surety contracts issued by those companies that guaranteed obligations of Enron Corp. to JPMorgan Chase under prepaid commodity forward contracts.
Under the agreement, the insurance companies will pay approximately 60 percent of the amount of the surety bonds they wrote.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
WTW: US Commercial Rates Continue Moderation With 2.5% Increase in Q1 
D&O Market Expected to Tighten Under Pressure, Says AM Best 
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
