Inside these posts: Insurance company

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March 14 at 12:39 p.m.
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Filed under: Insurance, Stock activity

Insurance stocks feel mouting tab in Japan

By Reuters

Insurance stocks fell for a second day on Monday as experts estimated that the Japanese earthquake could cost the industry nearly $35 billion, making it one of the most expensive disasters ever.

The Stoxx 600 European Insurance Share Index was down 2 percent at midday Monday, underperforming the wider market, and extending a 1.7 percent drop on Friday. The U.S. S&P insurance index was down almost 1.6 percent at midday, also underperforming the wider market, which was down 1.2 percent. Get the full story »

Jan. 20 at 5:43 p.m.
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Filed under: Government, Insurance

U.S. auditors: AIG could repay taxpayers in full

By Associated Press

Government auditors say taxpayers might be repaid in full for the bailout of insurance giant American International Group Inc.

The Government Accountability Office said in a report Thursday that the final cost of the rescue depends increasingly on the strength of AIG’s business and its stock price. Get the full story »