State Probing AIG

Yesterday I mentioned AIG in Hawaii might be in trouble.

Well the State is looking into things now:

State Insurance Commissioner J.P. Schmidt has requested information from the local unit of American International Group Inc. as financial turmoil swirled about Wall Street and AIG mounted a frenzied effort to raise more cash….

AIG Hawaii is the state’s third-largest automobile insurer and also provides homeowners’ and life insurance here

A collapse of this company could really spell lots of trouble.

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