AIG Tries To Break Into CUMarket
NEW YORK - (05/13/05) -- Insurance giant AmericanInternational Group is making strides to enter the credit unionmarket. The company said this week that its signed with MicroBiltCorp. To provide Personal Internet and Identity Theft coverage toMicroBilt's credit union and community bank customers. And an AIGrepresentative was working at this week's annual NACUSO conventionin Las Vegas in an effort to open relationships with credit unionsand their CUSOs. The new effort comes at a time the insurance giantis embroiled in an ongoing accounting scandal that has forced theretirement of its long-time CEO Maurice 'Hank'Greenberg.