AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
