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.
American International Group, Inc. â also known as AIG â is an American multinational insurance corporation with more than 88 million customers in 130 countries.AIG companies employ over 64,000 people in 90 countries.The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC). AIG Property Casualty provides insurance products for commercial, institutional and individual customers.IG purchased the remaining 39% that it did not own of online auto insurance specialist 21st Century Insurance in 2007 for $749 million. With the failure of the parent company and the continuing recession in late 2008, AIG rebranded its insurance unit to 21st Century Insurance.