Insurance Company Collapse 2008. During the run, companies moved a record $172 billion out of their money market accounts into even safer treasury bonds. It caused the biggest recession since the great depression of 1930.
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Aig, a global company with about $1 trillion in assets prior to the crisis, lost $99.2 billion in 2008. The crash made several families go homeless. Bank of america ceo ken lewis.
Florida Building Collapse Insurance. This article seeks to explore the coverage issues and examine a few lessons learned. Contact a florida building collapse injury and accident lawyers.
All who settled have denied any wrongdoing and. By now, every risk and insurance professional in the country is aware of the tragedy that took place in surfside, florida on june 24 th 2021. That sum includes about $50 million in insurance on the champlain towers south building and at least $100 million in proceeds from the sale of the surfside.