Similar Stories to Aig Crisis Could Be Tip Of An Insurance Iceberg on Bing News

Los Angeles Times - Top News, Los Angeles Times
Mon, 03/30/2009 - 12:00am

The company's situation reflects problems throughout the life insurance industry as investments suffer. Further strain could bring about a second financial crisis. When insurance giant American International Group Inc. imploded last fall, the firm's problems were quickly blamed not on its core insurance business, but on an obscure operation that traded exotic mortgage securities.

Sections: news business

Topics: aig economic crisis economy financial crisis insurance life insurance

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