Together with a Treasury program that provided partialinsurance to investors in money market mutual funds, these efforts helped stanch the cash outflows from those funds and stabilize the industry.
The evidence comes from California, which has a paid leave program in which virtually all private sector employees can pay into an insurance-type program that offers partial wage replacement during leave.
Today AIG remains the only global insurer that solely owns its China life insurance subsidiary, while other players must accede to partial ownership by the Chinese government or Chinese partners.