There's not much comfort for investors in AIG, the distressed insurance giant that has lost nearly all of its value in the last few days. But AIG policyholders can feel more confident that their claims will be honored, according to state insurance regulators.

The National Association of Insurance Commissioners (NAIC), an organization representing insurance regulators from every state, issued a statement this week reassuring consumers that their policies are safe:

“AIG’s non-insurance parent company is federally regulated and, therefore, not held to the same investment, accounting and capital adequacy standards as its state-regulated insurance subsidiaries,” said NAIC President and Kansas Insurance Commissioner Sandy Praeger. “The insurance subsidiaries are solvent and able to pay their obligations."

The statement went on to note that in the unlikely event that AIG fails, every state has an insurance guaranty fund, subject to certain limits, similar to the FDIC's coverage for bank accounts. To find out about your state's fund requirements, click here, which will lead you to a link to your state insurance department.