Description: The American International Group said on Friday that it lost about $11 billion last year, surprising analysts and showing the long-term risks inherent in the types of large, complex insurance coverage that the company once pioneered.
Source: NYTimes.com
Date: 02/26/2010
Link:Â http://www.nytimes.com/2010/02/27/business/27insure.html?ref=business
Questions for discussion:
- What is your view of this business model in terms of risk and sustainability?
- Do you believe AIG decisions will grow more conservative in time, because of the problems described in the article?
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