What does AIG insure?
International insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG Insures Individuals and Families. Services range from Auto insurance to Health care to financial services. Businesses AIG offers Casualty Insurance to Retirement Services. Anyone who has an education or specialized in Political Science knows that our Representatives are Civil Servants and they also know that the monies are not held by AIG. Apparently Irish Rose is drinking Brog a bit too early, always a pleasure to tackle your statements, being Liberal and someone who has the utmost respect for President Obama, I love to discredit you. You need to spend more time gathering info other than from Rush, OReilly and Coulter. I love being Liberal and DEMOCRAT we can always get the truth. Concerned for my Country, I’d find a different Investment Counselor as you see the info above. Its never too late to find someone reputable. Id be concerned about someone investi
Basically, they are an insurance conglomerate. Commercial insurance (factories, construction, airlines, etc.) makes up a lot of the premiums paid in the US. The split is around 50-50, give or take 5-10%. They are not having problems due to their traditional personal and commercial US insurance operations…these entities are still profitable. They are having trouble due to the London bond insurance market where they partook in credit default swaps. The only US entity giving problems would probably be United Guaranty, which insures mortgages. The credit default swaps are mostly unregulated and participated in by hedge funds, banks, and insurance companies. I would hope after this mess that the government acts to make this sort of insurance regulated. The amounts of collateral put up by AIG were nothing compared to the risk they took. AIG is in the Dow Jones industrial average (though might be taken out) and are a powerhouse in the insurance arena. This is a classic “too big to fail” ope
AIG and the CIA have been in bed forever, that’s how they cracked Asia, became the biggest in the world, and that’s why we continue to have our tax dollars funneled into nowhere. It’s not just they have the federal government in their pocket; they’ve merged with it to become another entity entirely.
