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1996

December 1, 1996
Vol. 8, No. 3
Let's Call the Whole Thing Off: Insurance deals and $20 cigars · Beware of investment bankers saying "shareholder value."… 1

Up the Insurance Department: The end of the Coral Reinsurance saga · Hank Greenberg tells the Delaware Insurance Department to shove it… 3

Small Change: A.M. Best tinkers with its ratings… 3

Reliance Group Can't Jump: Paint it Black. Clever Reliance forms an "African-American-owned" insurance company… 4

Saul Steinberg, Insurance Legend: The life and times of one of the industry's great men… 5

The Road to Riches: Insurance stocks meet the efficient bull market… 7

The Sisyphus Syndrome: To celebrate USF&G's centennial we examine the vicissitudes of its past… 8

USF&G and A.M. Best… 12

The Insurance Beat: The smokers' advantage · EMLICO: failure has its rewards · Busy CPCUs, and more… 15