Uninsured Americans are making little progress in securing health coverage as insurance costs rise and fewer employers foot the bill for health insurance, Gallup said Tuesday.
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Ambac Financial Group (ABK) missed an interest payment on its debt Monday as it scrambled to raise additional capital. The company indicated that it may file for a Chapter 11 bankruptcy.
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AIG (AIG) said that CEO Robert Benmosche has cancer and is undergoing aggressive chemotherapy.
“The good news is that I feel fine, and I continue to work according to my normal schedule,” Benmosche said in a statement. “I remain absolutely committed to my job, to AIG, and to all of our stakeholders.”
Benmosche said that he would have “a better idea” of his long-term prognosis over…
Continue reading AIG Says CEO Benmosche Has Cancer
AIG Says CEO Benmosche Has Cancer originally appeared on DailyFinance on Tue, 26 Oct 2010 06:26:00.
Filed Under: Company News, People, American International Group, Insurance
Pre-Paid Legal Services’ stock surged today after it announced it was evaluating “strategic alternatives” for the company, including a possible buyout.
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AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.
AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.
AIG’s CEO Robert Benmosche has said that selling the shares will help put the company…
Continue reading AIG Raises $17.8 Billion with Hong Kong IPO
AIG Raises $17.8 Billion with Hong Kong IPO originally appeared on DailyFinance on Fri, 22 Oct 2010 06:39:00.
Filed Under: Company News, Investing, American International Group, Taxes, Insurance, Market News