Donald Light
Donald Light
amount company huge money pay
It's a big amount of money even for a huge company like AIG to have to pay out.
depends foreign government market official success win
They have had more success than other foreign insurers, because of their history. To win in that market depends on being able to win the regulator game. A high-level government official is going to help.
expectation hit market taking
They are taking a hit now with the expectation of this settlement on market timing.
decisive impressed market taking
The market is impressed that Liddy is taking decisive action.
ashore capital cast category companies doubt industry insurance rita surplus weathered
The industry weathered Katrina, but if Rita comes ashore as a Category 4 or 5 storm, it would cast doubt on the solvency of some insurance companies and deplete the surplus capital for others.