AIG Life Insurance is Back, Receives A 4.5 Star Review

San Diego CA, October 22 -The independent life insurance review website for consumers, TopLifeInsuranceReviews.com has just awarded AIG Life Insurance (American General) an overall rating of 4.5 stars out of 5. The review was based on the insurer’s competitive pricing, consumer friendly underwriting guidelines and their ability to meet future contractual obligations. “Based on our research, we found AIG to be a top tier life insurance company,” said Brian, the editor of TopLifeInsuranceReviews.com. “We were impressed with AIG’s pricing and their niche underwriting, in particular their rates for applicants with…

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Missouri lawmakers investigate state’s employee insurance program over surplus funds

The Missouri Legislature continues to investigate Missouri Employers Mutual Insurance Co., a state-backed insurance company providing coverage to public employees. The Legislature has recovered more than $163 million in surplus money from the insurance company, which was seized after regulators found that the company was, supposedly, withholding benefits. The investigation stems from events that unfolded earlier in the year, in which state regulators found that two of the company’s five board members were committed theft and fraud. Now the insurance company faces the scrutiny of state legislators, who are investigating…

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S&P claims top insurance companies could lose leading ratings

Standard & Poor’s recently announced that the top insurers in the country may lose their leading credit ratings as a result of the debates that have raised the federal debt ceiling. Affected insurance companies could include New York Life Insurance and the Texas-based USAA, as well as the Teachers Insurance & Annuity Association of America, Northwestern Mutual Life Insurance Co., and Knights of Columbus.  Standard & Poor’s stated that each of these insurers risk losing their AAA credit ratings. The S&P statement said that the cause is the “significant holdings”…

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