Several investment firms bought shares in AIG. Some of the investment firms are Ameriprise, Wells Fargo, Morgan Stanley, Fisher's Investments, and Charles Schwab.
AIG did NOT file bankruptcy. It was bailed out by the Federal government, who now owns 79.9% of the company (just shy of the 80% needed to formally put it on Uncle Sam's books). Past stockholders--or whoever bought shares from them--still own the rest, unlike a true bankruptcy such as GM or Chrysler.
We have an old life insurance policy from Interstate life and accident and it was bought by AIG Insurance how do i contact them
AIG's collapse was not due to insolvency but illiquidity. They had mortgage backed securities which derive their income from a pool of mortgages that had been securitized. The bailout came at a cost to AIG as the Treasury received warrants for approximately 80% of all shares. Thus, to some, the bailout was a nationalization of the company. See wikipedia on AIG and mortgage backed securities.
We've been dealing with WNL for nearly 30 years and cannot get an answer. Our only guess is Who would want to invest with AIG right now? We were never notified that AIG bought them out! Will update if we can get an answer out of them.
American International Group (AIG) acquired American General Life in 2001.
It looks like National Life has been bought out by AIG Try this link http://en.wikipedia.org/wiki/National_Life_and_Accident_Insurance_Company AIG http://www.aig.com/gateway/home
All American Life of Chicago bought General United. USLIFE Corp. bought All American. American General of Houston bought USLIFE. AIG bought American General.
AIG fullform
You can find aig auto insurance quote directly online on the aig website. You can also call aig directly to get a quote.
AIG purchased Interstate Life and Accident Ins Co Interstate was owned by parent company, TIC, which was purchased by Gulf United, a mother company of other ins. companies. Gulf United was purchased by American General Life & Accident Ins. Co., which was then purchased by AIG. So, yes, technically you could say AIG bought Interstate, BUT, it was done indirectly, not a direct, individual purchase.
AIG stands for American International Group.
The company AIG was founded in 1919