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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.
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| 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 |
| Back to article | ||
Subject: RE: The First 6 Comments Must Be AIG Employees
If you dont move your clients and AIG goes down and your client has a loss that goes unpaid as a result, you get hit. Bank on it. Been there done that.
If you do move them and Aig ins division survives as Aig( which i doubt) they will remeber and punish you for it even though you had nothing to do with the real reason Aig got into trouble.
If you dont move the account and Aig ins is sold to say Liberty mutual or one of the other national carriers, dont worry you will mean nothing to them at all and you will not readily get a contract.
Sooo, do what is in the best interest of your client because they are your income stream.
Lastly anyone willing to believe the partent company can get into trouble but the parts of the whole are in great shape and will survive tells me people believe what they want to believe. You can bank on it, 50/50 chance this thing works out.
I truly hope Aig survives because thety are an important part of the ins network willing to write risk.
P.S.- Those other carriers are in dream worlds. They pick and choose risk without risk. . Aig took risks. Big difference in companies.