Department Reassures AIG Insurers' Policyholders

The Texas Department of Insurance issued a statement and updated answers to frequently asked questions involving American International Group's financial status, reporting that AIG’s insurance companies in the state are operating “normally.”The department cited a recent announcement by American International Group (AIG), the U.S. Treasury and the Federal Reserve Board regarding AIG’s financial status.“The company and federal regulators have announced some positive developments that will provide AIG with additional flexibility to address its financial liquidity...