Zeev's Turnips Patch-No Politics (ZEEV)

[retired cfo]

Sam O:
That coverage today is included in Director's and Officers.

Big writers of D&O are AIG and Chubb. There may be some others, but I believe these two have the largest share of D&O covers.

In the wake of Enron/Worldcom/KMart etc. they are demanding enormous premium increases (although this has happened before - this market is cyclical). The issue is whether they will deny coverage in the future if statements autographed by CEOs/CFOs prove inaccurate.

FD - I don't own either of these companies - I am long a couple of other insurers, but I don't believe either is a player in the D&O market.
gm