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AIG Posts Record Q4 Loss, Gets Extra $30bn Bailout

Troubled US insurer AIG has reported a $62bn loss for the fourth quarter of 2008 - the largest such loss in corporate history. "The insurance giant, one of the highest profile casualties of the credit crunch,...

created by Rachel Nixon | 2 years ago | updated 2 years ago
264 views | 28 recommendations | 7 comments

kramer.oneill

Behind Insurer’s Crisis: Caught in a Web of Risk

The article below discusses the fragile nature of the existing credit system, though maybe it's too early for a post-mortem when the patient is still thrashing on the operating table. While the mortgage crisis...

created by Jordan Yerman | 3 years ago | updated 3 years ago
129 views | 25 recommendations | 4 comments

Ma-Eh

Wall Street: 20 Billion Dollar Bail-out for AIG

American International Group, Inc. (AIG), the insurer at the center of the troubled Wall Street financial system, is bailed out by New York State Governor Paterson, who directed a one-time lifting of state...

created by Rhonda J Mangus | 3 years ago | updated 3 years ago
930 views | 28 recommendations | 9 comments

Insurance Giant AIG Fights For Survival_ (part 2)

Sanjay Jha

Leading American Insurer AIG close to bankruptcy

Leading American Insurance company American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its...

created by Sanjay Jha | 3 years ago | updated 3 years ago
775 views | 54 recommendations | 6 comments

timtrice

101

Texas Coast Faces Massive Recovery After Hurricane Ike

After the storm had passed, rescue operations to reach those affected by Hurricane Ike finally began on Monday to survey the damage and evacuate survivors. "More than two days after Hurricane Ike slammed the...

created by Jarrett Martineau | 3 years ago | updated 3 years ago
3153 views | 38 recommendations | 10 comments

stargazer23

332

Science Proves Exotic Cars Turn Women On

This research proved... nothing to me. It is stating something that most people already know, but then now we have it proven on a scientific level. Who wouldn't want to drive a Lamborghini or a Ferrari. In spite...

created by JeffHuang | 3 years ago | updated 3 years ago
2489 views | 7 recommendations | 33 comments

American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

created by SUICIDEkings | 3 years ago
1426 views | 0 recommendations | 0 comments

Tax survey reveals resentful British

I find it hard to believe 56% of people in the UK did not know what income tax bracket they were in."Eight out of 10 Britons think they are paying more tax than they were five years ago, with nearly half blaming the rise on stealth taxes, a survey showed today.Around 81% of...

created by infomatique | 3 years ago
215 views | 0 recommendations | 0 comments

Financial Services Bloodbath

The NYTimes warned of the impending crisis in Credit Default Swaps this weekend. According to their piece:"Few Americans have heard of credit default swaps, arcane financial instruments invented by Wall Street about a decade ago. But if the economy keeps slowing, credit...

created by mtippett | 3 years ago | updated 3 years ago
443 views | 2 recommendations | 1 comment

mpress

Who Killed Nataline Sarkisyan Cigna?

Maybe the person who made the decision to not help this girl should be arrested for negligent homicide. Their names should also be published and Cigna held to account. This isn’t an episode of Scrubs this is...

created by mpress | 4 years ago | updated 4 years ago
1682 views | 17 recommendations | 8 comments

daryldarko

Pay more for health insurance if your blood pressure's high

Imagine a health insurance plan that forces you to have monthly blood pressure tests - and every time your BP goes up, so do your premiums.This is not just a fantasy. Many insurers are beginning to offer...

created by Actual News Geezer | 4 years ago | updated 4 years ago
1393 views | 10 recommendations | 5 comments

Experts Unveil Plan To Boost York City

"Plans to revitalise York's economy have been unveiled in a report prompted by heavy job losses in the past year. The Future York Group was set up by the city council after chocolate makers Terry's and Nestle, insurer Norwich Union and British Sugar announced cuts. The...