Monday, November 10, 2008

Steven Wevodau - Gov't provides $150 billion aid package to insurance giant AIG - Minneapolis Star Tribune

Gov't provides $150 billion aid package to insurance giant AIG - Minneapolis Star Tribune
WASHINGTON - In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership. The action

U.S. Provides New Aid to AIG - The Ledger
WASHINGTON | The government Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership. The action, announced jointly by the

Universal Insurance Holdings, Inc. Reports Third-Quarter and First - MSN MoneyCentral
Universal Insurance Holdings, Inc. ("the Company") (NYSE Alternext U.S.: UVE) (AMEX: UVE), a vertically integrated insurance holding company, announced third-quarter net income of $7.4 million, or $0.19 per diluted share, compared to $13.8 million

AIG's $173 Billion 'New Deal' With America - Street.Com
The new restructuring, the third such plan, is the next-to-last step on the road to recovery, according to Liddy, giving AIG the flexibility needed to be better positioned to execute the company's divestiture program. Confirming that AIG is not

Sector Snap: Insurers down on AIG bailout, 3Q loss - Forbes
Shares of some of the nation's biggest insurance companies fluctuated Monday as American International Group Inc., once the world's largest insurer before being hit hard by the meltdown in the credit markets, said continued financial market turmoil

Embrace Pet Insurance Secures Over $2 Million in First Institutional - Earthtimes
MAYFIELD VILLAGE, Ohio , Nov. 10 /PRNewswire/ -- Embrace Pet Insurance, ( www.embracepetinsurance.com ), a leading provider of pet health insurance in the U.S., announced the completion of its first institutional investment round of $2.1 million

Rising health costs drive Americans to seek medical treatment overseas - Xinhua News Agency
LOS ANGELES, Nov. 10 (Xinhua) -- Rising health costs and dwindling insurance coverage are driving hundreds of thousands of Americans to travel far to seek crucial treatment overseas in order to avoid potentially devastating medical bills, a newspaper

US expands record bailout of insurance giant AIG - Raw Story
The US government announced Monday an expanded bailout for insurance giant AIG, in excess of 150 billion dollars, as it tapped into emergency funds originally set for banks. The latest bailout plan, the largest in US history, came as AIG burned

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