NEW YORK, Jan. 14 (UPI) -- U.S. insurance giant American International Group's sale of AIG Life Insurance of Canada is a small step in its recovery process, an analyst said.
AIG has used nearly $40 billion of its $60 billion federal line of credit, established when the company was near collapse last year. In addition, the government invested billions in the company in a rescue package worth $152.5 billion, The Washington Post reported Wednesday.