AIG, MetLife, Allstate Fail Our 'Stress Test'

Life and annuity insurers, including American International Group, MetLife and Allstate would need an additional $20 billion to cover potential losses during an extended, severe recession, according to an analysis by TheStreet.com Ratings.

Fourteen of the 21 U.S. life and annuity insurance groups with more than $50 billion in assets have at least one subsidiary that doesn't meet the conservative, risk-adjusted capital standards for TheStreet.com Ratings' own so-called stress test, similar to what the U.S. government put banks through. To be sure, the insurers exceed the industry regulator's minimum standards...

The Street: AIG, MetLife, Allstate Fail Our 'Stress Test'