Ron Bellows' I need a drink email of May 3, 2004

From: Ron Bellows Senior Risk Assessor for AIG
To: Gary S Gevisser
Monday, May 03, 2004 7:39 PM;
Subject: WE AIG insure… Haliburton

my point the other day – that these people have been taken and treated as war combatants when there is no war – is totally against the constitution – which apparently doesn’t exist anymore

BUT get this .. ..

I have now been given the project of trying to figure out our exposure for our overseas defense contractors we insure –

thing is – the policy excludes ‘acts of war’ ( as most do ) – BUT – includes Terrorism ??

so.. .If a contractor dies from an act of war – we pay the widow and the gov’t is supposed to reimburse us from their war chest

so now – the feds are saying – “there is no war” – and we don’t get reimbursed – for all the dead, captured and “lost” contractors ( and our loss numbers are showing lots more than the news is reporting )

so all the actuaries and underwriters are freakin out – watching their policy breach limits and bleed cash

so I got the order Sunday – go and figure out what KBR, Centcom and Haliberton employee exposure are and what they are doing to control their contract employees exposure ??

AND – this is a no win – If I pull the plug ( write a report that says its a poor risk ) my name goes to the head of KBR etc – If I say its all good – we loose money and megalopoly stomps on my tushy

aaagghhh

later boys

I need a drink . . . .