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Lehman Debt Auction Gives Clue to Potential Insurance Payouts

National News • October 13, 2008
Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance ...

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Subject: aig - finance not insurance

Posted On: October 13, 2008, 12:41 pm CDT
Posted By: az
Comment:
the CDS were not sold as insurance policies as the are defined in the insurance world. to bad the author of this and so many other articles do not take make take the due diligence to understand how the financial arm and insurance arm of AIG are UNRELATED.

State v Federal Regulation
Finance arm did not hold adequate reserves
Insurance arm must maintain adequate reserves - Grahm Leach Bliley Act of the 90's - and the banking arm cannot draw on the insurance reserves

get a new job at the Inquirer you two bit yellow journalist of an insurance publication - WTF
Subject Posted By Posted On
Its begining?? Shrinivas Shikhare
Oct 21, 2008, 7:04 am
RE: RE: RE: aig - finance not insurance Stat Guy
Oct 14, 2008, 10:21 am
RE: RE: RE: aig - finance not insurance who cares?
Oct 14, 2008, 8:48 am
RE: RE: aig - finance not insurance amazed
Oct 14, 2008, 7:57 am
RE: aig - finance not insurance
Oct 13, 2008, 4:26 pm
aig - finance not insurance az
Oct 13, 2008, 12:41 pm
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