$150 Billion
Amount the U.S. government dramatically boosted its bailout of insurer American International Group Inc. to after an initial rescue plan failed to stabilize the company. Under the new plan, the U.S. Treasury will take a $40 billion equity stake in AIG as part of a package of credits to to prevent the collapse of what it called a “systemically important company.” The Federal Reserve is providing up to $112.5 billion in loans and funds for asset purchases.
44.1%
Percent of agents responding to an Insurance Journal survey that reported their E&O premium for 2008 increased compared with that for 2007.
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