How do I contact the American general?

1. American General Life Insurance Company.
2. Parent Company: AIG Life Group.
3. Houston, TX.
4. (800) 521-2773.
5. Claims:
6. (800) 521-2773.
7. Claims:
8. Services: Go to Website (Services)

1. American General Life Insurance Company and The United States Life Insurance Company in the City of New York. Life Insurance Customers. ...
2. Life Insurance Customers: Phone: 800-633-6259. ...
3. Life Insurance Customers. Phone: 800-888-2452. ...
4. Life Insurance Customers. Phone: 800-888-2452.

Is AIG still in business?

You may be surprised to learn that the American International Group Inc., better known as AIG (NYSE: AIG), is still alive and kicking, and is no longer considered a threat to the financial stability of the United States.

What was the AIG scandal?

The most prominent scam in the recent history of American economy was the AIG Accounting Scandal of 2005. The AIG was found guilty of entering into sham transactions in order to inflate the reserves and to conceal losses. It was also found guilty of misled the Insurance Department about offshore affiliates of AIG.

How do I cancel AIG?

Is AIG legit?

AIG ratings and reviews

AIG insurance is not one of the best-rated life insurance companies with regard to its customer service and client reviews. The company received just a 2 out of 5 rating from J.D. Power for customer satisfaction and has a disproportionately high NAIC Complaint Index as compared to its size.

What services does AIG?

We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.

What is AIG stand for?

Updated February 18, 2019. American International Group Inc. ( AIG) is a large multinational insurance company offering life insurance, property-casualty insurance, retirement products, and other financial services in more than 80 countries.

What happened with the Lehman Brothers?

Lehman Brothers was forced to file for bankruptcy, an act that sent the company's stock plummeting a final 93%. When it was all over, Lehman Brothers – with its $619 billion in debts – was the largest corporate bankruptcy filing in U.S. history.

How does AIG fail?

AIG was accruing unpaid debts—collateral it owed its credit default swap partners, but did not have to hand over due to the agreements' collateral provisions. But when AIG's credit rating was lowered, those collateral provisions kicked in—and AIG suddenly owed its counterparties a great deal of money.

Who took over AIG inside job?

On September 17, the insolvent AIG was taken over by the government. The next day, Paulson and Fed chairman Ben Bernanke asked Congress for $700 billion to bail out the banks. The global financial system became paralyzed.

How does AIG make money?

AIG is an insurance company. An insurer makes calculations in advance, determines how many policies it'll end up having to pay out on, then charges high enough premia to turn a profit.

Is AIG a leading global insurance company?

(AIG) is a leading global insurance organization. Tracing our roots back to 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions.

What would have happened if AIG failed?

If AIG failed, it would trigger a domino effect globally as the insurance giant had provided protections worth more than half a trillion dollars, including $300 billion to banks in the U.S. and in Europe. ... All of these banks would have had enormous regulatory capital problems.

Has AIG been sold?

American International Group jumps after it agrees to sell a stake in its life and retirement business to asset management giant Blackstone.

Is AIG American General life?

Life insurance and annuities issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life). ... AGL does not solicit, issue or deliver policies or contracts in the state of New York.

What happened to Bear Stearns and Lehman Brothers?

Lehman's stock fell sharply as the credit crisis erupted in August 2007 with the failure of two Bear Stearns hedge funds. During that month, the company eliminated 1,200 mortgage-related jobs and shut down its BNC unit. 5 It also closed offices of Alt-A lender Aurora in three states.

Does bofa own Merrill Lynch?

“Bank of America Buys Merrill Lynch Creating Unique Financial Services Firm.” Accessed Oct. 4, 2020.

Who went to jail for the housing market crash?

Kareem Serageldin (/ˈsɛrəɡɛldɪn/) (born in 1973) is a former executive at Credit Suisse. He is notable for being the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008, a conviction resulting from mismarking bond prices to hide losses.

Does the US government still own AIG?

(AP) NEW YORK - The U.S. government is no longer the majority owner of American International Group (AIG). The bailed-out insurance company said Friday that the Treasury Department had wrapped up a planned sale of AIG stock, which netted the government roughly $20.7 billion.