Friday, September 26, 2008

Hundreds of AIG policyholders throng Asian offices


Hundreds of worried policyholders on Wednesday thronged Asian offices of troubled global insurance giant American International Group (AIG), some hoping to terminate their agreements.

In Singapore, hundreds lined up outside the company's local headquarters while more than 1,200 descended on the Taipei offices of AIG subsidiary Nan Shan Life Insurance.

About two dozen anxious customers crowded into a small AIG subsidiary office in Hong Kong, where RTHK radio, citing government sources, reported more than 1,500 insurance policies with the subsidiary had been terminated in two days.