First Executive Expects Loss: Insurance holding company...

First Executive Expects Loss: Insurance holding company First Executive Corp. said it expects to report a “material loss” for the fourth quarter and the full year of 1990. During the fourth quarter, the Los Angeles-based company’s investment portfolio declined in value by about 4%, and “reported results may be further affected by a Securities and Exchange Commission review,” the company said. First Executive also said its note holders and banks have agreed to the terms of its debt restructuring plan.