This column was originally published on RealMoney on Sept. 26 at 12:40 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Just as natural gas has been the big loser with no hurricanes, the winner has to be insurance.

As we look over the landscape of the South, the insurers raised rates big and then didn't have to pay out. That's going to produce some fantastic results for the

Allstates

(ALL) - Get Report

and the

Chubbs

(CB) - Get Report

but blowout results for

AIG

(AIG) - Get Report

.

I have been buying AIG for my

Action Alerts PLUS charitable trust because it is so clear that it has cleaned up everything and that it's not going to have to take any more charges.

I believe the numbers are way too low for AIG. Way too low. No one seems to be focused on this because somehow they are waiting for the other shoe to drop on these guys. There won't be ... except the fact that they own the long bond. Have you seen that sucker? Three ways to win: no payouts, huge premium increases, fantastic bond market. What are you waiting for?

At the time of publication, Cramer was long AIG.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.