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Opening Glance: Insurers fall
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NEW YORK - Shares of insurers fell early Friday morning in the first session of trading since American International Group Inc. said it lost $7.8 billion during the first quarter and is embarking on a plan to raise $12.5 billion in new capital.
Shares of AIG declined $2.29, or 5.2 percent, to $41.86.
Chubb Corp. shares fell 75 cents to $52.24.
Shares of Hartford Financial Services Group Inc. fell 64 cents to $67.84.
Shares of bond insurer Ambac Financial Group Inc. fell 11 cents, or 2.3 percent, to $4.60.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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