Yet another casualty?
Is AIG Philippine affected by the current woes of its parent company? According to financial experts, if it is traditional insurance operations like property, casualty, auto and life insurance to annuity and investment services, they are insulated and AIG still have the capability to pay claims.
It is also a very positive news that federal goverment release 85 billion dollars emergency loan and allowed to use 20 billion from its subsidiaries. This move is due to the fact that disorderly failure of AIG could further hurt delicate US economic situation.
The question now is, with AIG parent company's situation, how big is the impact to AIG Philippines?
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