As parent company AIG deals with major financial woes many travelers, including this one, are wondering if their current travel insurance policies with Travel Guard are sound or if it’s wise to buy new policies. According to Travel Guard’s CEO, John M. Noel, we have nothing to worry about. In a statement to the Wausau Daily Herald (the company is located in Wausau, WI), Noel says:

“AIG is different than other financial institutions that have been severely impacted by recent developments in the financial service markets. We have strong, well-positioned businesses in diverse markets around the world. We have a deep asset base, with stakeholders’ equity of $79.9 billion and assets of over $1 trillion. And as you know, Travel Guard has been a strong, dependable partner that has always been there for our travel partners and their clients.

It will be business as usual at AIG Travel Guard in the days, months and years to come. Rest assured, Travel Guard will be there when you and your clients need us most.”

The U.S. government has agreed to loan $85 billion to AIG to help keep them afloat. For now, I’m hoping for the best with the policies I’ve purchased but I’ll probably wait on buying anything additional.