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Insurance Producers Start to Move Business from AIG to Competitors

National News • September 22, 2008
Despite assurance from state regulators that the insurance subsidiaries of American International Group (AIG) are financially sound, insurance producers are moving accounts from AIG. A survey by ...

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Subject: I would be careful being so loyal

Posted On: September 22, 2008, 4:05 pm CDT
Posted By: AZInsMan
Comment:
It is fine to say "I am hanging with AIG during these troubled times." My fear would be, as an agency owner, considering my clients well being first. If I continue to place business with a "govt. controlled entity", how will I provide decent service? How sure am I that $85 Billion is enough? What if we continue to place business and the numbers grow and the deal is not working for anyone? After the initial fire sale of AIG assets, I worry that my E&O would be tapped for continuing to place business with a company who's parent company is totally illiquid,(not insolvent) per Hank. My additional concern is taking a hit and not being paid commissions for the work. I might "slide" business elsewhere until things work themselves out. Just protecting my clients so MY AGENCY will be here in the future!
Subject Posted By Posted On
RE: I would be careful being so uneducated Fred
Mar 24, 2009, 10:27 am
RE: RE: What happens if they lose business Barry
Sep 29, 2008, 1:47 pm
RE: What happens if they lose business "Biggy" Johnson
Sep 29, 2008, 9:59 am
What happens if they lose business David Johnston
Sep 23, 2008, 6:53 pm
Uncertain Times Concerned
Sep 23, 2008, 7:09 am
RE: The First 6 Comments Must Be AIG Employees milo
Sep 23, 2008, 5:12 am
If you're smart. Get Smart
Sep 22, 2008, 7:27 pm
RE: I would be careful being so loyal Ken
Sep 22, 2008, 6:08 pm
The First 6 Comments Must Be AIG Employees Steve
Sep 22, 2008, 4:53 pm
I would be careful being so loyal AZInsMan
Sep 22, 2008, 4:05 pm
RE: RE: RE: Partner Also Not Asleep
Sep 22, 2008, 3:58 pm
Maybe lowest big won't win Zambendorf
Sep 22, 2008, 3:54 pm
IOUSA Big Fish
Sep 22, 2008, 3:15 pm
RE: RE: Partner Not Asleep
Sep 22, 2008, 2:59 pm
RE: Partner mike
Sep 22, 2008, 2:45 pm
RE: RE: RE: RE: Partner Kay
Sep 22, 2008, 2:29 pm
RE: RE: RE: Partner Sticker Shock
Sep 22, 2008, 1:39 pm
RE: RE: Partner Friends
Sep 22, 2008, 12:57 pm
RE: RE: Partner Oprah
Sep 22, 2008, 12:56 pm
RE: Partner IBK
Sep 22, 2008, 12:51 pm
RE: Partner Ted
Sep 22, 2008, 12:41 pm
Partner Client Advocate
Sep 22, 2008, 12:27 pm
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