This file is historical in nature. Links and contact information may be outdated and no longer valid.
February 26, 2009
TDI Continues to Monitor AIG Developments
AUSTIN – The Texas Department of Insurance continues to closely monitor the financial status of American International Group, Inc. (AIG) in light of recent national media reports. TDI is engaged in regular communication with AIG, the Federal Reserve Board, and other state insurance regulators about the most recent developments.
"The Texas insurance companies remain well-capitalized," Insurance Commissioner Mike Geeslin said. "TDI continues to be actively engaged in this situation so that policyholders are protected. There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state laws provide us with tools to intervene."
TDI is prepared for prompt action to protect AIG’s insurance policyholders as needed. In the meantime, policyholders are cautioned to be aware that some policies may contain surrender charges and/or penalties if they are cancelled.
For more information, call TDI's Consumer Help Line at 800-252-3439. Or, find more information about AIG on the agency website at: http://www.tdi.state.tx.us/consumer/cpmaig.html .
For more information contact:
Last updated: 09/20/2010
This file is historical in nature. Links and contact information may be outdated and no longer valid.
