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What is bank draft authorization?

By completing the authorization form below, you agree to have your bank account automatically drafted for the full amount of your utility bill. Your bill will indicate that your bank account will be drafted on the due date.

Is AIG out of business?

AIG Financial Products largely ceased operations in 2008, and its bankruptcy will not have a material impact on AIG or on life and retirement insurer Corebridge Financial Inc (CRBG.

What happened with AIG?

AIG was saved by a U.S. funded bailout package that eventually exceeded $182 billion, but the economic damage to the global economy was catastrophic. It was the beginning of the greatest economic catastrophe to hit the U.S. since the Great Depression.

Is AIG and American General the same company?

American General Life Insurance Company is a wholly-owned subsidiary of AGC Life Insurance Company (AGC Life or the Parent), an indirect, wholly-owned subsidiary of American International Group, Inc. (AIG Parent).

What is AIG now called?

Were still the same great company and remain committed to helping you take action for your future.

aig bank draft authorization form

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Does AIG have a bank?

AIG Federal Savings Bank is a full-service bank. The Bank accepts deposits, makes loans, and provides other services for the public.

Is AIG in financial trouble?

The unit listed assets of no more than $500 million against liabilities of as much as $50 billion in its bankruptcy petition . Almost all its debts now can be traced to the global financial crisis, when the company lost billions on credit default swaps tied to subprime mortgage bonds.

Does AIG still exist?

About AIG. We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services. We offer world-class products and expertise to businesses and individuals in approximately 70 countries and jurisdictions.

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