Local Insurers Escape AIG
News reports yesterday reported the first runs on offices of AIG, the stricken US insurer. One agency report said hundreds of worried policyholders, some hoping to terminate their agreements, lined up yesterday outside AIG’s Singapore office. Lines of worried customers were reported in Hong Kong, outside the offices of the local AIG branch. The report said the people were unmoved by the US Federal Reserve’s bailout and takeover of AIG for $US85 billion. In Australia, our three biggest insur
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