The insurer’s claims-paying capacity remains solid in California, according to the Insurance Commissioner

AIG’s claims paying capacity remains strong in California, reassured Insurance Commissioner Steve Poizner in a statement on the implications for AIG owned subsidiaries in the state.

He said the AIG-affiliated insurance companies remain solid.

‘The financial issues all come from the parent company, AIG, and not its subsidiary insurance companies,’ he assured policy-holders.

“The financial issues all come from the parent company, AIG, and not its subsidiary insurance companies.

Insurance Commissioner Steve Poizner

AIG owns more than two dozen companies licensed to transact insurance in California

‘Should AIG decide to sell any of the insurance companies domiciled in California or those that do business in California, I will closely scrutinize those proposed sales to ensure that consumers receive the protections they deserve,’ he said.

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