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Why did the AIG stock price go down?
This caused the investors of AIG suspected that AIG was drawing down its loss reserves to boost its profits. The suspicious of the investors has unfortunately led to the falling of AIG stock price from $99.60 to $93.30 on New York Stock Exchange (NYSE).
What was the result of the AIG scandal?
The report showed that the premium of AIG was significantly increasing, while its loss reserves was decreasing by $59 million. However, according to many industry analysts, along with the positive earnings, AIG in fact should show an increase in its loss reserves as well.
How many people are in the AIG system?
AIG are a system of in excess of 64,000 individuals in more than 90 nations who meet up consistently to tackle the world's new difficulties. AIG are individuals who accept that with the right values and diligent work, anything is conceivable.
Who was the founder of AIG insurance company?
AIG was founded by, American Cornelius Vander Starr in 1919 as a general insurance agency, American Asiatic Underwriters (AAU), in Shanghai, China. Business developed quickly, and after two years, a Life Coverage Operation was shaped.
Last Update: Oct 2021
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