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Insurance
AIG still owes US taxpayers $102bn

AIG Chief Executive Robert Benmosche: “Our overall strategy remains unchanged.” AIG Chief Executive Robert Benmosche: “Our overall strategy remains unchanged.”

American International Group, the once mighty Wall Street insurer, reported a quarterly net loss due in part to division sales as part of its restructuring and following its government bailout.

 

AIG reported a loss of $2.66bn, or $3.96 per share, in its second quarter, which compares to $1.82bn, or $2.30 a share, from the same period the previous year.

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House swaps – does your insurance cover you?

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House swapping is becoming an increasingly popular way to go on holiday for free in the recession, but what are the insurance implications of allowing relative strangers into your home?   Sites like...

Financial education

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For those lucky young Britons heading to university soon – many have been rejected and others are applying for jobs that won’t leave them in debt – organising finances will be low down the priorities ...