NU Online News Service
WASHINGTON –American International Group's new Chief Executive Edward Liddy told insurance regulators today that the company's insurance units are sound and some may be sold off to satisfy the government's $85 billion bridge loan, according to a participant at the meeting.
Interviewed after delivering a closed briefing to the National Association of Insurance Commissioners meeting here, Mr. Liddy declined comment on whether the insurance or airplane leasing units would be sold and whether the number of policyholders dropping AIG as their carrier was increasing.
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