As Insurance Giant Stumbles, Colleges Fret Over Policies

As the nation's largest insurance company teetered toward bankruptcy this week, many colleges worried that they would have to scramble to replace their policies.

The federal government's $85-billion bailout of American International Group eased some of those concerns but left many institutions wondering if the company could meet their future insurance needs.

AIG, one of the biggest insurers of higher-education institutions, is reeling financially as part of the