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AIG Has Drawn $90.3 Billion of $123 Billion Government Loans

National News • October 24, 2008
American International Group Inc., the insurer saved from bankruptcy by a federal bailout, has borrowed $90.3 billion from the Federal Reserve. Figures released by the Fed late on Thursday showed ...

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Subject: RE: RE: bail out insurance. more of the same old bull/...

Posted On: October 26, 2008, 5:14 pm CDT
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ANITA LEE
calee@sunherald.com
More insurance coverage
Amended complaint against State Farm, vendors

The owner of an engineering firm hoped to make up to $1.5 million over three months by adjusting Hurricane Katrina claims for State Farm, borrowing $150,000 and establishing a line of credit with State Farm Bank to set up shop on the Mississippi Coast in September 2005, according to records filed late Tuesday in federal court.

Because of the arrangement, Forensic Analysis & Engineering Corp. was beholden to State Farm, which wanted to minimize its Hurricane Katrina losses for wind damage, the lawsuit says. Another vendor that adjusted Katrina claims, the independent adjusting firm E.A. Renfroe & Co. Inc., at times owed 80 percent of its income to State Farm, the court records say.

A team of policyholders'
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Oct 28, 2008, 1:23 pm
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'Boxing gloves' replace 'good hands,' lawyers charge
Oct 26, 2008, 5:56 pm
RE: RE: bail out insurance. more of the same old bull/...
Oct 26, 2008, 5:14 pm
RE: bail out insurance. more of the same old bull/... $50 billion a year in insuranc
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Oct 26, 2008, 4:58 pm
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Oct 25, 2008, 1:29 pm
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