NU Online News Service, Dec. 11, 11:45 a.m. – The U.S. life insurance industry had about $3.9 billion in direct exposure to Enron Corp., Houston, at the end of 2000, according to Moody’s Investors Service, New York, says.
Though substantial in dollars, this amounts to less than 2% of the consolidated statutory capital base of Moody’s rated U.S. life insurance universe, the rating service notes.
Moody’s says it believes Enron exposure will have little effect on the life insurer credit ratings.