Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Insurance
Finance Discussion Forum

 I have a HO3 insurance policy and had power outtage for 3 days, had food spoilage is that covered?
I had a power outtage in my neighborhood for 3 days and when I returned I had food spoliage in my house. Would that be covered under my HO3 insurance policy?...


 Who do you honestly think is the best overall car insurance agency?
or you can break it down
to cheapest
friendliest
most trustworthy

why do u like them and why?
also i would like to hear about the shady ones and some examples of what ...


 If my child is no longer in college does his health insurance automatically terminate?
...


 Is there some where or way to get inexpensive percripctions?
The insurance I currently have does not cover any cost of my percriptions. Unfortunately, do to health issues, I have to have a few percriptions and the cost of them is pretty outrageous. Does anyone ...


 I have recently been to the ER , the bill is 2,500 and they want full payment now ,?
I am self employed and I just do not have the resources to do this , I do have insurance but it did not cover this H...


 Are beneficiarys of a life insurance policy responsible for the dead persons debt?
...


 Why is honesty the best policy?
...


 Can a health insurance policy dictate where you live?
My grandfather has a health insurance policy with Monumental and he is convinced that he is not allowed to move one county north or he will be dropped from his policy. I told him that, most likely, ...


 How can I lower my car insurance if it is high because of bad credit?
I have been told that my car insurance is high because of a bad credit rating. I am currently enrolled in a DMP to pay down some credit cards and I'm sure this is why it is so bad. Will any ...


 What makes a person uninsurable?
regarding life insurance, what makes a person uninsurable? would a previous surgery do that? what about any illness, would any illness make you uninsurable?...


 I need a life insurance policy to cover atleast 20 lakhs in case of any risk. how much premium per annum?
...


 Is a person allowed to have 2 health insurance plans at the same time?
I have cheap health insurance that has a $4,000 deductible. I want to see a doctor. Can I open a new policy with a different company that has a low deductible, go to the doctor, and then cancel the ...


 To get maturnity coverage or not?
I am currently 29 years old and just recently married. I have come to a decision I have to make on my health insurance. I am not planning on getting pregnant for at least the next 2 years. So do I ...


 Can I make a lot of money selling life,auto,health and home insurance?
If I network my family,friends,coworkers and neighbors(say 500 total) can I get a good start at selling insurance...I mean do you think this is a good start of referral business,TO START THE BALL ROLL...


 Insurance and ACT of GOD!?
if a person doesn't believe in a GOD, can an insurance company not pay out due to an Act of God?...


 What can I expect for health insurance costs as an early retiree?
I'm 35 now and plan to retire around 40 or 41. I'm not exorbitantly rich, though; I've just saved enough to support my expenses and will do what I want instead of going to work every ...


 Is my room covered by home and contents insurance?
I rent a room in an apartment from the owner and the owner's brother rents the other room. There was a burglary and mostly my stuff was stolen. The owner made a claim on the home and contents ...


 Why was I denied for health insurance...I'm never sick?
I've always been under my parents, but now I need to get my own because I turned 25. I have no health conditions at all. The only thing I've been to the doctor for recently was a Urinary ...


 Who does the cheapest car insurance at the moment? Know of any offers?
...


 My tools were stolen from the car dealership i work for they said their insurance wont reimburse me?
I dont think this is correct, some one broke into the dealership overnight and took the dealers things and the other mechanics as well they told me that my home owners insurance will cover this, but ...



Dung T
Life Insurance from AIG!?
Hello,
I have a life insurance from AIG. If AIG goes bankcrupcy, what will happen to my life insurance?
What should I do now?
Thank you!
Additional Details
Thank you very much for all your help.
                     
 




Sexcellent Kitty
The government will most likely bail them out. They already provided an 86 billion line of credit which is almost the equivalent of buying them out.

Look and Frannie Mae/ Freddie Mac.


debijs
~~Your policy is safe, The government is going to loan them the money to restructure and then the government will keep 80% ownership of the company.~~


Shannon Letaâ„¢
Rating
The Federal Reserve is taking over AIG under an $85 billion rescue plan.

There's an article on CNN. Hang in there, you're fine.


Insurance Pickle.com
Keep your policy....

IF they filed for bankruptcy protection (which we now know won't happen with the gov't assistance) the life insurance holders should be fine. If anything they'd spin off the profitable insurance unit to a buyer in order to raise cash. AIG doesn't sell insurance...American General does (as does their other subsidiaries)....keep that in mind. AIG just owns American General.


John D
First, IF they went bankrupt and disappeared then your policy would still be covered for $300,000 or so from state insurance that backs the insurance companies.

The insurance division is an entirely different company than the one responsible for the mortgage related loses. That loss does not take away money that is backing the insurance policies. It takes away profits from the parent company, AIG, which owns many daughter companies.

Worst case scenario is that the life division is sold off to raise money. Then the buying company would still be required to honor the life policies that they have purchased.


BodybuildingFlyHalf
Rating
Im not sure but you should talk to a representative


Zarnev
You don't need to do anything and don't cancel your policies. The problems with AIG are with the parent company and mortgage insurance they offer banks and other lenders. The AIG life insurance, general insurance (including commercial) and retirement services are subsidiaries of the parent company, are adequately capitalized, regulated, and are not affected by the short-term liquidity problems we are hearing about. Anyway, the government just approved a loan of $85 Billion.



ChasingTruth
Rating
I could have misheard, but I thought I heard on MSNBC that the government gave AIG 85 billion dollars to save them. In exchange they now own 80% of AIG. So I think they're pretty safe from bankruptcy.


Zoe
Here is a good article:
http://www.mainstreet.com/article/money/insurance/i-have-aig-annuity-now-what


ClanMan
If you do any business with any of these AIG companies, cancel policies immediately. Pass the list on. Get people to pull out of the corrupt system.

Got house, business or motorcycle insurance with any of these?:

Company Information: Insight into AIG Divisions and Subsidiaries
Subsidiaries/Affiliates Covered By Hoover's Online
• AIG American General Life Companies
• AIG Annuity Insurance Company
• AIG Europe (UK) Limited
• AIG Financial Products Corp.
• AIG Hawaii Insurance Company, Inc.
• AIG Investments
o Utilities, Inc.
• AIG Retirement Services, Inc.
o AIG SunAmerica Life Assurance Company
o The Variable Annuity Life Insurance Company
• Allied World Assurance Company Holdings, Ltd
• American General Finance Corporation
• American Life Insurance Company
• Brazos Capital Management, L.P.
• HSB Group, Inc.
• International Lease Finance Corporation
• Lexington Insurance Company
• SunAmerica Ventures, Inc.
o AIG Financial Advisors, Inc.
• Transatlantic Holdings, Inc.
o Transatlantic Re (Brasil) Ltda.
o Transatlantic Reinsurance Company
• United Guaranty Corporation
AIG subsidiaries


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Monday, May 28, 2012 - Terms of use - Privacy Policy