Last year I took out an AIG life insurance policy due to it then high rating.

[Tommy_Carcetti]

Shows what good that is.

Sigh.

[lligrd]

1. I Have One Too

Wonder what will happen with the policies if they declare bankruptcy.

[Big Blue Marble]

2. The policies will be sold to another insurance company. n/t

[rzemanfl]

3. My car policies with them renew next month. I am wondering

whether to go elsewhere.

[roamer65]

4. Warren Buffett will probably buy them up.

Berkshire Hathaway is flush with cash. Berkshire Hathaway owns GEICO.

[napi21]

5. I don't know what happens for sure, but I know I've always been told

to make sure whoever is your insurer is a reliable company because if the insurance company croaks, so does your policy.

I also have been told that ING is THE LARGEST ins. company in the world, so will there be other options with this one? I have no idea.

[RB TexLa]

7. No it doesn't all states have guarantee funds to cover such.

[RB TexLa]

6. The business will be bought. Your life insurance was priced and sold based on actuarial charts

and is a profitable desirable asset.

[roamer65]

9. You are correct on AIG's insurance side.

It is still profitable. AIG is going down the tubes due to playing around with credit default swaps.

[Lex]

8. My SO's retirement fund is with AIG

yikes :scared:

[PM Martin]

10. Their insurance business is sound.

It is their finance business that is not.
This whole "Credit default swap" thing is too complex and appears to be nothing more than a sham.

[napi21]

11. Soooo, what % of AIG in invested in real estate? I understand their

insurance business is fine, but all insurance companies not only make their $$ on premiums, but on their investments! If most of their investments were in mortgages and real estate holdings, their insurance business is in trouble too, because that 's where their $$ comes from to pay claims!