Lloyd's Of London Falling Down

A legendary institution stands accused of perpetrating a staggering fraud

Hoping to earn income to help pay for her children's tuition, Dona Evans invested in Lloyd's of London in 1987. The legendary insurance giant was recruiting fresh capital--in fact, Lloyd's was desperate for it--and Evans jumped at the chance to become a Lloyd's Name, as the elite 300-year-old institution calls its investors. In Britain, being a Name was a sure thing; you became economic royalty, even if you weren't one of the many Names who held real titles.

Still, Evans was worried about reports that Lloyd's was facing a rising tide of claims from asbestos-industry workers who were dying of lung...

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