Maverick

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Street Cents

A collection of noteworthy comments from the world of business and finance.

 

“Someone please tell me why any company or investor would want to do business with an insurance company that can’t assess risk?”

Comment left on a Businessweek article about insurance giant AIG and its $170 billion bailout from the US government.

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Filed under: Current Affairs, Quotable Quotes

2 Responses

  1. sukkar&filfil says:

    AIG stands for…? coz i know an AJG (arthur j gallagher). same?

  2. maverick007 says:

    AIG = American International Group.

    Actually started in China (by an American businessman) about 90 years ago, and it grew into pretty much the largest insurance company in the world.

    It crashed big time last September, 2008 … brought down the whole damn house.

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