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American International Group Inc. continues to borrow money under federal financing programs to meet obligations, but its underlying insurance operations are running smoothly, said Edward Liddy, chairman and chief executive officer. www.businessinsurance.com
- KBC Posts Loss on EU1.6 Billion of CDO Writedowns (Update1) (Bloomberg)
Nov. 6 (Bloomberg) -- KBC Group NV , Belgium's biggest bank and insurer by market value, reported the first loss since its creation in a 1998 merger on writedowns of collateralized debt obligations. www.bloomberg.com
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