Safety in Numbers

摘要

When word leaked out sept. 16 that American International Group was about to blow up, customers in Singapore lined up to cancel life insurance and annuity policies.rnThey shouldn't have bothered. Yes, AIG's parent holding company had gored itself with bum mortgage investments. But as is common in the insurance business, the AIG subsidiaries that underwrote the policies were safely walled off, along with capital to make good on their obligations.rn"AIG's life insurance policyholders should have a completely soft landing," says Peter Gallanis, president of the National Organization of Life & Health Insurance Guaranty Associations.