Word: lloyd
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Dates: during 1970-1979
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...solicitors, and by the mid-campaign departure of Giamatti's predecessor, Kingman Brewster, who joked that his supporters among Old Blues would contribute before he left (to become U.S. ambassador to Britain), while his detractors would contribute after his departure. Something like that may have happened: Campaign Director Lloyd N. Cutler said last week that "a number of people who were standoffish in the beginning warmed up enormously" after listening to Giamatti's persuasive pitch...
...Lloyd's of London, risk has always meant opportunity. The celebrated market of hundreds of risk-sharing insurance syndicates prides itself on being the first to offer coverage on the new, the colossal, the bizarre. But as technology grows ever more complex, the risks keep rising, and each year the amounts that Lloyd's underwriters pay out on litigious losses, from oil tanker disasters to Mafia-set arson jobs, keep swelling. Yet this year is one that even Lloyd's risk-hardened underwriters are not likely to forget...
First there was the crash in May of the American Airlines DC-10 in Chicago, taking the lives of 275 people in the worst U.S. air disaster. Lloyd's underwriters hold 16.5% of the coverage of that flight, which could cost them many millions. If the plane is found defective, the product liability claims against the builder, McDonnell Douglas, would be even larger. Lloyd's underwriters carry much of that insurance...
...company also lashed out at airlines whose procedures have been "contrary to McDonnell Douglas recommended procedures." Although not named, American Airlines knew that it was one target of the attack. American Vice President Donald J. Lloyd-Jones insisted that two McDonnell Douglas representatives had watched the airline change its very first DC-10 pylon on April 17, 1977. He also claimed that the manufacturer had observed numerous such changes since then and never objected to the one-step method. He termed the McDonnell Douglas charge "gratuitous and unnecessary." (The manufacturer withheld comment...
...Senator Lloyd Bentsen...