In the news lately have been stories about insurance giant AIG (American International Group) The Merriam Agency has been watching these developments carefully and we are confident that the insurance division of AIG is very strong. AM Best, the national rating service for insurance companies, has maintained their “A rating” for AIG and the National Association of Insurance Commissioners wrote the following: NAIC News Release, September 16, 2008

"We have a very strong message for consumers: If you have a policy with an AIG insurance company, they are solvent and have the capability to pay claims. Our job is to ensure that they continue to have the ability to pay. As a holding company, AIG is a separate, federally regulated legal entity that is distinct and apart from its subsidiary insurers. The subsidiary insurers are governed by state laws designed to protect the interest of policyholders. State insurance regulators are committed to protecting the interest of policyholders and will work closely with AIG management and other regulators to fulfill this commitment."

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If you have any further questions about this matter feel free to call us.
Brian H. Merriam, CPCU, ARM, AAI
President, Merriam Insurance