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     Newsgroups: alt.religion.scientology
     Subject: Time Inc. settles suit with TIG insurance over fees
     From: nobody@REPLAY.COM (Anonymous)
     Date: 9 May 1996 23:40:31 +0200


     Time Inc. settles suit with TIG insurance over fees

     DJ 8 May 1996

        NEW YORK (Dow Jones)--A Time Warner Inc. (TWX) unit settled its
     lawsuit against TIG Insurance Co. over legal fees that Time Warner
     incurred in fighting two defamation suits, according to court
     documents.
       Terms of the settlement weren't disclosed.
       A TIG spokeswoman said she wasn't aware of the settlement, and a
     Time Warner lawyer couldn't immediately be reached for comment.
       As reported, Time Warner's Time Inc. unit had claimed in the suit
     that TIG, the company's liability insurer, owed it millions of dollars
     in reimbursements for legal fees Time incurred in contesting two
     lawsuits against Time magazine. The suits arose over a 1991 cover
     story that was critical of the Church of Scientology.
       Time said it had incurred more than $7.3 million in legal fees in
     fighting the Scientology suits, but TIG hadn't reimbursed Time for any
     of that amount because of a disagreement over how the deductible on
     Time's policy should be calculated, according to the suit.
       TIG Insurance is currently a unit of TIG Holdings Inc. (TIG), which
     was spun off from Transamerica Corp. (TA) in 1993.
       (END) DOW JONES NEWS 05-08-96
        5:43 PM

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