Authority and currency
About this authority
- Publisher
- U.S. Securities and Exchange Commission
- Standing
- Primary authority
- Version
- Press Release 2006-19
- Relevant parts
- Finite reinsurance and $500 million loss-reserve allegations; settlement terms
- Currency
- current · checked Aug 7, 2026
The AIG episode asks a more useful question than “Was there a contract?”: what insurance risk actually moved? A document labeled reinsurance can still require careful substance analysis, and reserve effects should be traced to both reported position and the story told about underwriting risk.