Enron Failure to Cost Carriers $3 Billion Says Bes

The failure of energy-trading giant Enron Corp. has hit the portfolios of several insurers with investment exposures as of Sept. 30, 2001, totaling more than $3 billion, according to an A.M. Best statistical study. In total, the life/health insurance industry reported a market-value investment worth $2.8 billion as of Sept. 30, 2001, with the majority of investment in corporate bonds, based on their quarterly filings with the National Association of Insurance Commissioners. The property/casualty industry reported a market-value investment of $604 million for the same period, also with th...