Interesting press release today from the Federal Reserve Bank of New York concerning their transaction involving AIG: We understand the importance of keeping AIG’s regulated subsidiaries which include its insurance companies well capitalized, and will continue to work with their regulators. Policyholders across the entire AIG family should take comfort from the fact that AIG…
Category: Travel Insurance News
NAIC News Release – AIG Insurance
With all of the news about AIG I thought the following article would be of interest: NAIC News Release, September 16, 2008 – “We have a very strong message for consumers: If you have a policy with an AIG insurance company, they are solvent and have the capability to pay claims. Our job is to…
What if my insurance company goes bankrupt?
In the past several days we’ve all heard about the crisis going on with AIG and their recent attempts to raise capital to forestall a decrease in their credit ratings. We have heard that bankruptcy is one option that AIG’s management might have no recourse but to use. That raises the question of: What happens…
Tropical Storm Hanna on Stormpulse’s Hurricane Tracking Map
Since hurricane season is bearing down on us and already causing more problems, I have been back on Stormpulse.com and checking out all the new features they have. The first one is the ability to embed their hurricane tracking maps into other websites. As you can see below we have Hanna who – as of…
NCIA Adopts Guidelines to Protect Travelers
On June 2, 2008 the Members of the National Association of Insurance Commissioners (NAIC) announced guidelines that protect life insurance consumers from discriminatory underwriting practices concerning their future travel plans. One of the hot issues in the past couple of years is the practice that some life insurance companies have employed to deny life insurance…