The AIG Effect on States

Cash flow problems have nearly crippled mega-insurer American International Group in recent weeks, forcing the company to take an $85 billion loan from the federal government. Now, attention remains focused on how AIG’s problems will affect insurers in individual states. Recently, the top insurance regulators from Kentucky, Mississippi, Oregon, Arizona and Connecticut sat down with Insurance Journal’s Ken St. Onge to discuss that impact. Their assessments? Insurers in their states are solvent, so the impact won’t be big.

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User Comments

  1. Jim

    October 3, 2008 at 1:39 pm

    Gee – I am so gald to hear that everything is OK (Nothings wrong). Th hold company just needs $85B loan to handle some bad investments. Why don’t we simply — tell everyone the sky isn’t falling (seriously) — we should just admit that the State regulator can’t manage this and we need the Feds to come in and fit it. Just like they did with MEDICARE or Social Secutrity. This sounds like the Democrats debate last night — the last 4 years of failed policies when the dems in the congress over saw/managed Freddie and Fannie and made $M on these mistake but it was someone else fault. and man

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