I have both home owners and car insurance with AIG. What happens to them if AIG goes under?

I have both home owners and car insurance with AIG. What happens to them if AIG goes under?

The AIG life insurance, general insurance (including commercial, home and auto) 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.Source(s):Independent Agent

JimmyJo

Call you agent. The insurance operations should be okThey have money set aside to pay current claims. everybody will get their checks

DeAnn

my boyfriend has them for his workmans comp also. I am sure they will be bought out. If not then we aren't getting a weekly check..

Zarnev

my boyfriend has them for his workmans comp also. I am sure they will be bought out. If not then we aren't getting a weekly check..

javierporras1983

So far i know about what happens when a company where you are a custumere or a stock holder, goes down, EVERYONE LOUSES, stock holders louse ALL theyr money, and custrumer have no more contract with the company wich meas you are not longer cover on your home business and car. Yea that socks, but look at it this way, you can be happy that you just have to find another insurense comany for your home and car other people are so worry because if they dont sell they AIG Stock by today before AIG declare bancarupsy, tehy will louse all thery money that they invested, all of it.Source(s):http://news.yahoo.com/s/ap/20080917/ap_o…

Insurance

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.

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