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.
Surplus Lines Commercial Growth; Fla. Litigation Costs Reach New High in 2023 
Study Urges Rethinking of Disaster Management in Era of Compounding Events 
Why Texas Mass Power Outages Continue to Happen 
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B 
