If AIG goes bankrupt ? AIA Insurance will DIe ? Or AIA Insurance Die.
This is a very good question which AIA shd answer, and all AIA policy holder shd ask. Ask your FP, if AIG goes chpt 11, what is the cash value/worth of your certificates? Without this answered in black and white, policy holders just have 'confidence talk/ don panic'; which is worth nothing.
After making your money, it is time your FP do so work for you?
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From The News(TM):
US insurance giant American International Group failed Monday to convince credit agencies of its financial well-being, forcing it into a race against the clock to find a multi-billion-dollar infusion to stay afloat.
In blow after blow late Monday, the three main rating agencies -- Standard & Poor's, Moody's and Fitch -- lowered AIG's credit score.
Bottom line: they judge the solvency of AIG, the largest US insurer, with a global reach, at risk.
As a consequence, AIG will need to raise more capital to survive, although it already has sought billions of dollars to keep it going.
The Wall Street Journal reported Tuesday that people close to the situation say AIG may be forced into filing for bankruptcy if it cannot secure sufficient fresh funding by Wednesday.
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posted by WhoIS @ 3:25 AM
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