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Business Income Worksheet
Used to estimate a firm's yearly business income for the 12-month period in order to determine the Business Income insurance limit on its policy. The estimate is based upon how long it would take for the insured to get back up and running as well as to replace all damaged property in the event of a severe loss.
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Insurance Industry News from ProgramBusiness.comGreenberg Resigns from Board
Maurice "Hank" R. Greenberg, citing his inability to obtain information on the company's operations, has officially resigned from the board of giant American International Group after some 40 years with the firm.
"I previously stated my intention not to stand for re-election to the board. My decision to resign now results from my inability to receive information regarding the company and its operations necessary to fulfill my fiduciary duties. I wish the employees of AIG every future success," Greenberg, the former chairman and chief executive officer of the company, said in a letter yesterday.
AIG, Greenberg and the former chief financial officer, Howard Smith, have been targeted in a civil lawsuit brought by New York Attorney General Eliot Spitzer and Superintendent of Insurance Howard Mills, who accuse the company and officials of doctoring financial statements and misleading regulators.
The Securities and Exchange Commission is also investigating the company.
Greenberg, 80, was forced out as CEO in March. He later resigned as chairman, although he remained a director.
AIG maintains two storefronts on ProgramBusiness:
http://www.programbusiness.com/tracking/sftracker.asp?Sfid=184 and http://www.programbusiness.com/tracking/sftracker.asp?Sfid=226.
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