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Insurance | July 4, 2008

Chase Family Chasing UBS Unit for Fraud
By Laura Schreier
A family of Connecticut real estate and telecom moguls is charging that financial services giant UBS played them for dupes ...


AIG to Absorb $5B in Investment Losses
American International Group said last week it planned to absorb up to $5 billion on losses of sales of investments from a dozen insurance units hit by the subprime meltdown, Bloomberg News reported last Friday.

As Midwest Fights Floods, Northeast Policies on the Rise