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American International Group is now officially regulated as one of the first two non-banks designated as systemically important.

For the first time in 150 years, an insurer will be federally regulated. AIG has chosen not to challenge its designation by the Fed as a systemically important financial institution.

For the first time in 150 years, an insurer will be federally regulated. AIG has chosen not to challenge its designation by the Fed as a systemically important financial institution.

To control costs and optimize insurance availability an overwhelming number of risk managers feel their organization must conduct deeper research of risk to reap the full benefits of analytics.

To control costs and optimize insurance availability an overwhelming number of risk managers feel their organization must conduct deeper research of risk to reap the full benefits of analytics.

Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

Product Recall Insurance is one of the more high-profile products in the Excess & Surplus arena, with some 59 million products recalled last year and product-recall claims hitting seven figures. Click to see the Top 10 Product Recalls in 2012.

AIG confirmed last night that it has been designated systemically significant by the Financial Stability Oversight Council, paving the way for possible federal regulation at the holding-company level. Prudential Financial and GE Capital were also designated at an afternoon meeting of FSOC members yesterday.