Insured losses could hit $26 billion

Article Abstract:

Hurrican Katrina, although narrowly missing Louisiana is forecast to be one of the costliest insurance payouts in the history of storm damage in the United States. Insured losses are expected to be $9 billion to $26 billion, generally excluding offshore oil facilities damage.

Financial management, Economic aspects, Finance, Natural history, Company financing, Storm damage

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How investigations of AIG led to retirement of longtime CEO

Article Abstract:

Chief Executive Officer Maurice Greenberg of American International Group Inc. has resigned over mounting pressure from regulators over a deal with Berkshire Hathaway Inc. that could have been considered misleading to American International Group Inc. investors.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, American International Group Inc., AIG, Greenberg, Maurice

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Old deal bedevils key player in world of municipal bonds

Article Abstract:

MBIA Inc. of the United States, a bond-insurance company is being investigated by the United States Securities and Exchange Commission. The deal being questioned is the bankruptcy protection of a Philadelphia hospital group that included an oral promise.

United States. Securities and Exchange Commission, MBIA Inc., MBI

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