Racine, WI
May 12, 2008
Insurer AIG has $7.8 bln Q1 loss, to raise capital
“I would like to see more done to bolster (AIG's) executive team with expertise in terms of risk assessment of financial markets.”
American International Group Inc , the world's largest insurer, posted its largest ever quarterly loss on Thursday after writing down assets linked to subprime mortgages, and said it would raise $12.5 billion ... via WNED.org
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