Friday, March 13, 2009

 

AIG's Claims Over Life Insurer Fragility Irk Sector

AIG's recent claims that its collapse could threaten not just banking counterparties but also decimate the broader U.S. life insurance industry are alarming but also largely unproven.

The contention was made in a presentation to U.S. regulators in late February on the eve of the third iteration of the U.S. government's rescue of American International Group Inc -- the globe insurer whose collapse has cost taxpayers up to $180 billion.

AIG's Claims Over Life Insurer Fragility Irk Sector
Source: Reuters

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