Mike’s Life Insurance Advice

A big name in insurance, AIG, has been in a downward spiral and now is believed to be going bankrupt. If you have AIG insurance, it may be worth it to move your busines elsewhere because it is unsure whether or not this company will be bailed out, and what will happen to policy holders. [...]

So says Traveler’s Cos. CEO Jay Fishman. He contends that the credit crunch has made it harder for companies looking to sell insurance businesses. Because of the global credit mess,  the capital of potential buyers is increasingly dwindling. Unfortunately, this just contributes to the ever increasing mess for companies aroudn the globe seeking to cut [...]

Quite the fall for one of the biggest life insurance in the world just months ago. Apparently AIG is getting rid of all its non-essential assests, and China Life is there to snatch up AIG’s assets in Asia. Says a senior China Life manager briefed on the situation ‘”We want to buy parts of AIG’s [...]