His comments came after AIG yesterday secured $37.8 billion from the Fed for AIG to borrow overnight to meet liquidity needs of life insurance units. The additional borrowings will be collateralized b

American International Group's insurance units are sound, but some may be sold to repay an $85 billion bridge loan from the federal government extended to help the conglomerate avoid bankruptcy, the

The financial problems that threatened to sink the American International Group conglomerate, forcing the federal government to bail out the company with a bridge loan, were not the fault of

The MCAS (market conduct annual statement) was one of a number of items that state insurance commissioners made official NAIC policy. Others included a model regulating the use of titles that life ins

WASHINGTON--The nation's insurance commissioners meeting here asserted that state regulation has ensured the solvency of carriers including insurance subsidiaries of financially challenged American Int

WASHINGTON--American International Group's new Chief Executive Edward Liddy told insurance regulators today that the company's insurance units are sound and some may be sold off to satisfy the governme

WASHINGTON--The effort by U.S. Treasury Secretary Henry Paulson to blame the events that led to the federal takeover of American International Group on state insurance regulators is improper and mislea

The plan was adopted by the Reinsurance "E" Task Force and was due for adoption by the full "E" Committee tomorrow. If it is adopted at the "E" Committee, it will go to the NAIC's executive committee