NU Online News Service
Executives with American International Group said the first-quarter losses the insurer suffered may not see a turnaround soon, as the housing credit crisis that affected earnings is expected to continue for a while.
Speaking during a financial analyst's conference call today, Steven J. Bensinger, vice chairman-financial services, said the credit crisis that has hit the nation and caused a $15.2 billion write-down for the insurer is "expected to continue for some time," and the economic stress "is not over."
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