$11 Billion Shortfall
November 30, 2009 by MoneyElement · Leave a Comment
This is what AIG may face. The shortfall is in insurance reserves, which would property-casualty claims. “Todd Bault said that AIG may have cut back on its use of reinsurance and become too “aggressive” in pricing workers’ compensation and professional liability policies.” Price target is cut down from $20 to $12.
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