With all of the news about AIG I thought the following article would be of interest:

NAIC News Release, September 16, 2008 – “We have a very strong message for consumers: If you have a policy with an AIG insurance company, they are solvent and have the capability to pay claims. Our job is to ensure that they continue to have the ability to pay. As a holding company, AIG is a separate, federally regulated legal entity that is distinct and apart from its subsidiary insurers. The subsidiary insurers are governed by state laws designed to protect the interest of policyholders. State insurance regulators are committed to protecting the interest of policyholders and will work closely with AIG management and other regulators to fulfill this commitment.”

You can read the full article at the National Association of Insurance Commissioners web site.

Related posts:

1. Good News Concerning AIG…as far as travel insurance goes
2. NCIA Adopts Guidelines to Protect Travelers
3. Unlicensed Travel Insurer Back In The News – Again!
4. Tennessee Insurance Company back in the News
5. Statement by Federal Reserve on AIG

This entry was posted on Friday, September 19th, 2008 at 9:01 pm and is filed under Travel Insurance News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.