So there is no reason for policyholders to be anything but wary until their own big check clears.
The French parties argue that the policyholders suffered no additional harm when Crédit Lyonnais subsequently acquired its remains, even if, as prosecutors say, the bank engaged in fraud to do so.
But Michael J. Aguirre, one of the lawyers for Ms. Harris, said the state legal framework alone was not enough to protect policyholders because no one — at either the state or the federal level — was regulating A.I.G., the holding company.
The company said the payments could take the form of "stock, cash or increased policy benefits". Asked to elaborate, Mr. DeFillippo said there would be no additional cost for policyholders; in a recent legal settlement, Prudential was criticized for offering policy "enhancements" that policyholders could obtain only if they made additional payments.
Standard Life has set aside almost £400 million to pay policyholders but no further funds will be provided because, basically, the insurer has decided it cannot afford this at a time when it is trying to get its finances into shape for a stock market flotation.
Many states would allow health insurance companies to exit the Obamacare markets this year, leaving their policyholders with no coverage.
Many offer programs at little or no expense to assist policyholders, clients, customers and employees through crisis situations such as identity theft.
White House Chief of Staff Jack Lew said Sunday that President Obama had found the "right balance" in mandating birth control coverage while protecting religious liberty, and he said the administration would now press ahead to adopt a final rule requiring health insurers to make contraceptives available to all policyholders at no cost.
In another development yesterday, the regulators said that Ohio Casualty-NJ had decided to get out of the auto insurance business in New Jersey and turn over -- at no charge -- its 109,000 policyholders in the state to a relatively new and small company, the Proformance Insurance Company in Freehold.
Under the Liberty plan, policyholders would receive no such compensation.
