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American International Group

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Sure, AIG turned in the worst underwriting results among the nation’s big insurers — paying out nearly 30% more on claims and expenses than it received in premiums. Still, AIG swung to a tidy profit last year after a disastrous 2009.For that bit of financial wizardry, credit outspoken CEO Robert Benmosche, who’s defying all odds turning around the beleaguered insurance giant. The company has repaid billions to the government — including its entire obligation to the Fed — and regained access to credit and debt markets. A recent move: unloading two insurance units for $37 billion. —P.N.

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Customer Service
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Environmental Impact
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Corporate Welfare / Subsidies
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Employee Treatment
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Safety / Health
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Criminal Activity
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Outsourcing
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Community
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Sponsorships
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Politics
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About corporatOCRACY

Corporatism meets Democracy; Wall Street meets Main Street.

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