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


(ALL) - Get Allstate Corporation Report

and the


(CB) - Get Chubb Limited Report

but blowout results for


(AIG) - Get American International Group, Inc. Report


TheStreet Recommends

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 He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

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