Insurers that arent wasting taxpayer $

By Paul R. La Monica, CNNMoney
2009-3-18 12:01:00

NEW YORK (CNNMoney.com) -- AIG is the 21st Century corporate equivalent of legendary bank robber John Dillinger: Public Enemy Number One.

The insurance giant, despite receiving $170 billion in government "rescues," has drawn fire for paying $165 million in bonuses, including to some executives in the financial products group that nearly bankrupted the company.

AIG (AIG, Fortune 500) may be the poster child for all that was wrong with the financial system, but it's not alone. Most big banks have received bailouts and there are growing fears that other insurance companies, particularly life insurers, may also need federal assistance due to investments tied to soured mortgages.

But guess what? Not every financial firm deserves our wrath and scorn. In fact, there are a bunch of companies, mainly those who focus on property and casualty insurance, that have largely steered clear of trouble.

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Insurers that arent wasting taxpayer $ By Paul R. La Monica, CNNMoney 2009-3-18 12:01:00 NEW YORK (CNNMoney.com) -- AIG is the 21st Century corporate equivalent of legendary bank robber John Dillinger: Public Enemy Number One. The insurance giant, despite receiving $170 billion in government "rescues," has drawn fire for paying $165 million in bonuses, including to some executives in the financial products group that nearly bankrupted the company. AIG (AIG, Fortune 500) may be the poster child for all that was wrong with the financial system, but it's not alone. Most big banks have received bailouts and there are growing fears that other insurance companies, particularly life insurers, may also need federal assistance due to investments tied to soured mortgages. But guess what? Not every financial firm deserves our wrath and scorn. In fact, there are a bunch of companies, mainly those who focus on property and casualty insurance, that have largely steered clear of trouble.