AIG's 'Systemically Important' Label Confirms Insurer Fears

Law360, New York (July 10, 2013, 7:20 PM EDT) -- Concluding a long process shrouded in secrecy, federal regulators on Tuesday slapped the dreaded "systemically important" label on American International Group Inc. and General Electric Capital Corp., providing rare details on the criteria they used to come up with the designation and solidifying insurers' concerns that they will be examined under a bank-centric lens.

The Financial Stability Oversight Council has wrapped up a three-stage process and formally designated AIG and GE Capital as systemically important to the U.S. economy, a label that subjects companies to supervision...
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