I enjoy AIG auto insurance. In vision of their financial problems,should I nullify it?

It looks like the company might go bust. We just paid our premium for the subsequent 6 months on our car insurance. Could we end up uninsured and not sufficiently expert to get our money back? Should we nullify it immediately and try to go through another company?
Answers:
The AIG life insurance, general insurance (including commercial) and retirement services are subsidiaries of the parent company, are satisfactorily capitalized, regulated, and are not affected by the short-term liquidity problems we are hearing going on for.
Source(s): Independent Agent
Keep your insurance. The policy will remain

IF they file for bankruptcy protection the life insurance holders should be fine. If anything they'd spin bad the profitable insurance unit to a buyer in instruct to raise cash. AIG doesn't get rid of insurance...American General does (as does their other subsidiaries)....keep that in mind. AIG newly owns American General.
No. You are fine. No worries. It is the holding company i.e. having cash flow problems, not the insurance subsidiary. Source(s): experience, business
You should stop paniking and do nothing. Also tell other panic people to simply do nothing. Source(s): The communication said the feds put $85 bil or something similarly massive.

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