Chartis is the property and casualty division of American International Group, Inc. (AIG). They stopped cutting commercial-insurance rates. Brokers say they are unable to raise prices in some markets because the insurer doesn’t have as much power as they use to. When FactSet surveyed the company, AIG made $2.57 cents a share in 2008. Since then it has decreased to just 98 cents a share. The insurer will report AIG’s second-quarter results to the analysts and investors. The government has bailed out AIG, which made customers and investors worry that…
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