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The policies cover both legal fees and any payments made to settle claims over legal violations.
Andersen has offered $750m to settle claims, which plaintiffs will consider a paltry sum.
In June, he offered $8.5 billion to settle claims from investors who held soured mortgages.
[C4.] Adelphia Offers to Settle Claims Adelphia Communications said that it had offered to pay the government $725 million to settle claims related to a federal fraud investigation.
[C5.] Monsanto and Solutia Settle Claims Monsanto and Solutia agreed to pay $700 million to settle claims by 20,000 Alabama residents over PCB contamination.
Under the first, Sphere Drake paid $35 million to settle claims, Mr. Taylor said.
Instead, it said, the company should try to settle claims quickly and fairly.
"We do not attempt to settle claims of this baseless nature," he said.
Intel agreed to settle claims that its Pentium family of microprocessors had infringed upon Intergraph's patents.
And $45 million would go to settle claims made after last summer's blackout in Washington Heights.
The Wall Street giant has agreed to pay $2.6bn to US authorities and Madoff victims to settle claims.
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