09-18-2008, 08:59 AM | #1 |
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Any AIG customers here?
Anyone here have AIG insurance (home or auto) and are you concern about what is hapenning with FED bailing AIG out? Comments?
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09-18-2008, 09:04 AM | #2 |
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Stay the course.
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09-18-2008, 09:34 AM | #4 |
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+1. They (American General Life Insurance CO.) are going to be OK.
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09-18-2008, 10:34 AM | #5 |
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I believe it is now "United States Government Life Insurance".
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09-18-2008, 10:49 AM | #7 |
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You shouldn't have any problems. I've attached a fax I received this yesterday regarding their situation as pertains to their Property & Casualty insurance operations.
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09-18-2008, 11:07 AM | #8 |
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got switched over to them from 21st century and now my dad wants to get out.
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09-18-2008, 11:23 AM | #9 |
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09-18-2008, 11:57 AM | #10 |
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thanks icedog...
don't panic folks. This is how I see things, is switching really a sound decision, do you know for certain that other companies are not in the same situation in this bad economy.
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09-18-2008, 12:02 PM | #11 |
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i just started working for a company, and the insurance that they supply employees with is AIG. i'm actually starting the insurance next month
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09-18-2008, 12:06 PM | #12 |
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09-18-2008, 04:29 PM | #13 |
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Its important to understand that AG ins co. is a wholy owned subsidiary of AIG, and is a separate entity all together. Life insurance co's are regulated very heavily by the states, and are obligated to keep sufficient assets and reserves on hand in order to pay claims. I am not in the business of predicting the future, but I bet AG ins co gets sold, and they go back to biz as usual.
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09-18-2008, 04:30 PM | #14 |
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LOL
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09-18-2008, 06:58 PM | #15 | |
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09-18-2008, 07:23 PM | #16 | |
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on AIG for getting themselves into this situation. State Farm has one of the top rated banks in the nation now mostly due to more strict underwriting practices and the fact we didn't try to grab a quick buck on the sub-prime lending.
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09-18-2008, 09:56 PM | #17 | |
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Clients shouldnt be having difficulty "getting money out of them" Life & annuities are legal contracts. If a client requests a withdrawal, they are required to fulfil the request. Prior to this MOnday, I would argue that AIG American General (The insurance company) was much more than relatively stable. They were A+ rated by best with a 96 COMDEX. They have been downgraded to A. I still think that they are very strong. But we will have to wait to see how this shakes out. The 85 B loan from the fed should raise confidence. Agree with you that "thumbsdown" to all of the large companies that got into the sub-prime. Lehman paid the price on that one.
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