Should I renew my AIG auto insurance policy or not?

 

My auto insurance policy is with AIG, and it is about to expire.  The
rate is pretty good, so I want to renew the policy, but I wonder if I
should look for another company, given their problems?  Will AIG
disappear, or does their bailout mean they definitely won't disappear?

 

In article


What problems?  AIG auto insurance company has not had any problems,
and they are as solid as rock.  The company that has problems was
another company, also called AIG, but is in the business of
insuring investment deals and bonds.  Each of the various AIG
companies are separate corporations held by a holding company.
One going bust doesn't hurt any of its siblings, and even the
one that had problems didn't go bust since the government helped
it out a bit with a loan.

-john-

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John A. Weeks III           612-720-2854            john@johnweeks.com
Newave Communications                         http://www.johnweeks.com  
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John A. Weeks III wrote:

   Same thing with Wachovia Bank. I met a rep for Wachovia Securities
the other day. They are still in business under the same name,

 

John A. Weeks III wrote:

Are they really TOTALLY isolated?  If so, in what sense are they part of
the corporation?  What function is served by the highest AIG executives,
above the individual companies?

 



I don't know what you are talking about but in Ontario you need PPD/PL auto
insurance and the mimumum is $500,000 although this day in age I would
recommend unlimited liability.  The law is you need public liability and
public property damage that way you are responsible to pay for your accident
instead of the government.

You are NOT required to have collision or comprehensive or theft or act of
god insurance on your automobile in Ontario.