During the 2008-09 global financial crisis, no major U.S. insurance company became insolvent. However, the mammoth AIG empire shook to its core and exacerbated a worldwide financial crisis due to the activities of a relatively obscure London-based, noninsurance subsidiary trading derivative securities.
By Robert L. Pratter and Maria R. Granholm|July 18, 2012 at 12:00 AM
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