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What happened AIG?

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in Insurance by (82.5k points)
What happened AIG?

Origin of the question is u.s.life insurance subject

I have been asked this question in semester exam.

Other related questions to my question are:

How did AIG get caught?

What are the main reasons AIG failed?

What would have happened if AIG failed?

What killed AIG?

1 Answer

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The correct answer by me is: AIG was one of the beneficiaries of the 2008 bailout of institutions that were deemed "too big to fail." The insurance giant was among many that gambled on collateralized debt obligations and lost. AIG survived the financial crisis and repaid its massive debt to U.S. taxpayers.

The title of my answer is Falling Giant: a Case Study of AIG

My answer's reference is Investopedia

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