Filed Under:Carrier Innovations, Information Security

CBO Lowers AIG Bailout Loss Estimate

NU Online News Service

WASHINGTON--The Congressional Budget Office today released a report slashing its estimate of the government's cost of bailing out American International Group to $14 billion--a steep drop from its March estimate of $36 billion.

The new estimate was contained in a report projecting that the total cost of the Troubled Asset Relief Program (TARP) initiated in October 2008 will be $25 billion, far less than earlier estimates, including a $66 billion estimate in August. A March report projected a total loss of $109 billion.

Featured Video

Most Recent Videos

Video Library ››

Top Story

What grade does your state get for its insurance regulations?

Eight states received an “A” grade, and one state received an “F.” Insurance is regulated almost entirely by the state level, and here's a report card on how the states are doing.

Top Story

3 tips for becoming a lead-generation master

A lead-generation master takes full advantage of all the possibilities for attracting prospects through their website, not just through their contact forms.

More Resources

Comments

eNewsletter Sign Up

Carrier Innovations eNewsletter

Critical news on the latest tech solutions, information security, analytics and data tools and regulatory changes to help decision-makers at insurance carriers keep their business thriving – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.