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chouri chouri
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6 years ago
During the financial crisis, the U.S. federal government stepped-in to prevent the financial failure of the world's largest insurer, the American International Group (AIG). AIG's near insolvency was caused by
A) catastrophic hurricane and earthquake losses that were not reinsured.
B) fraudulent accounting practices that had inflated earnings for many years.
C) losses on derivative loan guarantees issued by the company.
D) over-investment in U.S. equity markets and the sharp drop in U.S. equity values.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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6 years ago
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