AIG has today acknowledged that the company over a period of years intentionally misled investors, regulators and policyholders about the company's financial condition and operations.
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It's strictly a perception issue.Howard Mills
It's tragic but often times we need an event like Katrina to prod us into action as a country. A national catastrophe fund pool would provide the funds and resources to help rebuild capacity very quickly.
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We have expressed to Allstate that we are extremely dissatisfied with their decision to non-renew.
Howard Mills
There are an increasing number of cancellations in Manhattan that we believe are related to the lack of terrorism coverage, ... We're very concerned about this situation.
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We do not anticipate a crisis in the market. We expect some of Allstate's competition will take advantage of this and pick up some of the business.
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