Recent business news has been littered with stories of companies failing. Economics is out of my major and I know nothing about stocks. I've thought that I have nothing to do with the bankruptcy of Lehman Brothers Holdings Inc.
I heard the uneasy news that AIG is going to be confronted with the collapse due to the chain reaction of the bankruptcy of Lehman Brothers. My family carries a few life insurances of AIG.
Someone in charge at AIG Japan called me and explained the present situation a couple of minutes ago. AIG in the U.S. and AIG Japan were being managed separately. Apparently, my insurances are fully kept as before. I was relieved.
(Vocabulary)
chain reaction 連鎖反応
be confronted with sth （問題・困難）に直面する
carry a life insurance policy / have life insurance 生命保険に入っている
someone in charge 担当者
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