A.M. Best Comments on Misquote in MarketWatch Article on White Mountains.OLDWICK, N.J. -- A.M. Best Co. has provided the following comment on a recent misquote mis·quote tr.v. mis·quot·ed, mis·quot·ing, mis·quotes To quote incorrectly. mis that originally appeared in a June June: see month. 20, 2006 article on MarketWatch MarketWatch operates a financial information website that provides business news, analysis and stock market data to some 6 million people. MarketWatch offers personal finance news and advice, tools for investors and access to industry research. referring to White Mountains White Mountains, part of the Appalachian system, N N.H. and SW Maine, rising to 6,288 ft (1,917 m) at Mt. Washington in the Presidential Range and to 5,249 ft (1,600 m) at Mt. Lafayette in the Franconia Mountains. Crawford Notch separates these two main groups. and Olympus Re and subsequently was mentioned in other publications. In the referenced article, an A.M. Best Analyst was allegedly quoted as "theorizing" that White Mountains may have previously agreed to reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. new investors in Olympus Re for any additional losses resulting from the 2005 US Hurricanes. For the record, A. M. Best did not make any representations in this vein. When the writer of the reference article introduced this theory of his own accord, the A. M. Best analyst clearly indicated that he had no knowledge of any agreements between White Mountains and the investors in Olympus Re, and that to obtain this type of information the writer would need to speak directly with the management of the companies in question. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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