AIG crisis could be the tip of an insurance iceberg – Los Angeles Times

Here is another view into AIG from the LA Times.  The quotes below are from the online article.

AIG’s loss of $18 billion in its life insurance and retirement businesses in the fourth quarter was about the same amount that the company lost in its financial services operation, which was trading in credit default swaps and other risky instruments.

When the life insurance industry ultimately stabilizes, the financial landscape will be different, along with the once-dominant AIG.