How do i self insure my car!!!!!! is it still possible to escape the obvious grasp of these corporations???? Las Vegas, NV | July 18, 2009 2:05am. im 24 and have payed insurance for 8 years. not once have i been in a wreck(no lie). these companies take a monthly fee.
The American International Bailout In mid-September 2008, the U.S. government took control of American International Group (AIG), one of the world's largest insurance companies. Private lenders declined to loan money to the financially troubled firm, prompting the federal government to take control of the company and guarantee to loan it up to $85 billion.
Definition. American International Group Incorporated, an American holding company of insurance subsidiaries both domestic and abroad. Once listed as the 18th largest company in the world at its apex, it required a series of government bailouts, or TARP, to avoid collapse during the financial crises of 2008-2009.Throughout 2010, AIG sold off various parts of its core businesses to Pacific Century Group and MetLife.RL to this page: http://www.investorwords.com/11517/AIG.html. Copyright Â© 2015 by WebFinance, Inc. ALL RIGHTS RESERVED. Reproduction of all or part of this glossary, in any format, without the written consent of WebFinance, Inc. is prohibited.