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05-29-2009, 03:25 AM
emayer wrote:
I think that if you investigate further you'll find that the well publicized difficulties (to put it mildly) of AIG concern the holding company -- not the insurance company, which is separately regulated by state insurance commissioners and has much different financial requirements that must be satisfied. (Not that the insurance subsidiary -- like virtually every insurer -- didn't suffer from its conventional investments in equities, fixed income, etc., as the markets dropped.)
What it boils down to -- at least for me -- is that I am confident that AIG insurance is financially solvent and able to meet its insurance commitments, the policy covers DE, and the track coverage is, essentially free (i.e., at no extra cost).
Quote:. . . . I don't think I'd take a chance with a primary insurer like AIG in today's climate.
I think that if you investigate further you'll find that the well publicized difficulties (to put it mildly) of AIG concern the holding company -- not the insurance company, which is separately regulated by state insurance commissioners and has much different financial requirements that must be satisfied. (Not that the insurance subsidiary -- like virtually every insurer -- didn't suffer from its conventional investments in equities, fixed income, etc., as the markets dropped.)
What it boils down to -- at least for me -- is that I am confident that AIG insurance is financially solvent and able to meet its insurance commitments, the policy covers DE, and the track coverage is, essentially free (i.e., at no extra cost).
'95 993