Friday, January 02, 2009
Insurers weathered financial storm in 2008
Storms weren't the only thing that battered insurance companies in 2008, and this year could be just as tough.
Perhaps the biggest event to shake the industry in 2008 was the sudden collapse of American International Group Inc., once the largest insurance company in the U.S. before it gave in September under the weight of bad bets it made insuring mortgage-backed securities.
Forbes: Insurers weathered financial storm in 2008
Perhaps the biggest event to shake the industry in 2008 was the sudden collapse of American International Group Inc., once the largest insurance company in the U.S. before it gave in September under the weight of bad bets it made insuring mortgage-backed securities.
Forbes: Insurers weathered financial storm in 2008
Permalink posted by markw @ 5:21 AM 
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