Closing Glance: Insurers

By Associated Press May 16, 2008 Comments (0)

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Shares of insurers mostly fell Friday as Moody's Investors Service said it might downgrade some subsidiaries of American International Group Inc.

Broader markets also declined slightly a worries over rising oil prices outweighed a surprise jump in April home construction data.

AIG shares fell 23 cents to $39.34

Shares of AllState Corp. slipped 46 cents to $50.07

Shares of bond insurer Assured Guaranty Ltd. fell 25 cnets to $24.57

Shares of mortgage insurer PMI Group Inc. dipped 22 cents, or 3.6 percent, to $5.94

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