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AIG Insurance Clients Safe?

Americans who have put their savings into life insurance and annuity-linked pension funds were running scared as finance titans like AIG collapse.In a statement, American International Group (AIG) said it is operating normally with adequate capital and is fully capable of meeting obligations to policyholders. In the unlikely event of an insurer failure, policyholder claims would be given priority over those of other creditors, according to a statement from the National Association of Insurance Commissioners. Until the past several months, American International Group was viewed as one of the safer investment bets on Wall Street – as well as one of the top insurers on Main Street.

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