Penn regulator takes aim at AIG
NEW YORK-based AIG subsidiaries National Union Fire Insurance Co of Pittsburgh (NUFC) and American Home Assurance Co (AHA) had issued intra-group contingent guarantees worth $157bn to other AIG units as of the end of 2008, some $18.7bn more than the $138.3bn AIG disclosed at the time, according to Pennsylvania Acting Insurance Commissioner Robert Pratter.