AIG Fall Would Not Destroy P&C Industry: Insurers

Law360, New York (April 9, 2009, 12:00 AM EDT) -- Property and casualty insurers are attempting to convince Congress that they are well-capitalized and vigorously competitive, seeking to distance themselves from claims that the P&C industry could implode if American International Group Inc. were allowed to fail.

In a letter sent Thursday to members of Congress, American Insurance Association President and CEO Leigh Ann Pusey and Property Casualty Insurers Association of America President and CEO David A. Sampson disputed recent assertions from AIG that its failure could lead to the collapse of the P&C industry, creating...
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