`Lloyd's Could Collapse'

A revolt of its U.S. investors might thwart a rescue plan

It is the moment of truth for Lloyd's of London. Staggering beneath $13 billion in losses accumulated between 1988 and 1992 and facing a tidal wave of lawsuits over alleged negligence and fraud, the world's oldest and most famous insurance market may not survive--at least not in its present form.

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