A crisis of identity

Recent news stories have described two disputes surrounding credit derivatives written on Armstrong World Industries, a company that declared bankruptcy in December 2000 over rising asbestos-related claims (see, for example, The Economist, May 23, 2002). Writers of the protection argued that the contracts actually related to Armstrong Holdings, which had not filed for bankruptcy, and of which Armstrong World Industries is the biggest subsidiary. Fearing that outdated or confusing names may

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: