AIG's Greenberg Expects More Transparency, Not Material Impact from Brokerage Charges
National News • October 15, 2004
AIG Chairman Maurice Greenberg today said he does not think the charges brought by New York Attorney General Eliot Spitzer against giant insurance broker Marsh McLennan will hurt his company's ...
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Subject: Time to plan for re-election
Posted On: October 15, 2004, 12:59 pm CDT
Posted By: An open eyed brokerage
Comment:
Any one that actually worked in a brokerage in a management capacity knows that comm. & over rides are different from brokerage to brokerage. It is all dependant upon the volume and loss ratio you maintain with each company.
It appears the NY aty Gen is trying to attack the insurnace industry. I thought the D.O.I. was created to over see this highly regulated business.
If Mr. Spitzer wants to really help, how about some real tort reform. Stop all the abuse of his sleezy attorney brethern and then you will some real savings to all N Y insureds.
Good luck to him on his withc hunt. Once they expose him as a self motivated politicain as McCarthy was in the 50's then we can get back to trying to fix what is really wrong with the insurance industry. . excessive tort cases.
Good luck to the Greenberg family.
Subject: Time to plan for re-election
It appears the NY aty Gen is trying to attack the insurnace industry. I thought the D.O.I. was created to over see this highly regulated business.
If Mr. Spitzer wants to really help, how about some real tort reform. Stop all the abuse of his sleezy attorney brethern and then you will some real savings to all N Y insureds.
Good luck to him on his withc hunt. Once they expose him as a self motivated politicain as McCarthy was in the 50's then we can get back to trying to fix what is really wrong with the insurance industry. . excessive tort cases.
Good luck to the Greenberg family.