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AIG: 'Excellent' Chance It Will Repay Government; New CEO Likely Soon

National News • June 30, 2009
American International Group Inc., the insurer rescued by $180 billion of federal bailouts, on Tuesday expressed optimism it will be able to repay government loans as it tries to rebound from ...

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Subject: RE: RE: RE: RE: Buying Business

Posted On: June 30, 2009, 7:57 pm CDT
Posted By: Former Status Quo
Comment:
it will be priced low for the remainder of the year. If you have paid attention to any of the rating companies, not S&P, but MarketScout or Advisen, you will have read that rates are starting to harden and by the end of the year they will be increasing. At which point AIG will likely GUT the insureds and take 10-15% rate hikes.

If you also look at the report released by PCI and Business Insurance, the industry sustained a $2.5B net underwriting loss in Q1, and a $1.3B loss overall. The worst in 20 years. Numbers like that will aid in turning the tide as we all head towards the 3rd and 4th quarter.

Regarding the reputation of AIG, even as a competitor, I still think the company's insurance operations have a decent reputation. Again, people need to remember that the insurance operations didn't cause this - as we have seen time and time again the insurance operations are very solvent. In case you forgot the Holding Company tried to raid Insurance Company's for $20B Surplus last September before the NY Attorney General blocked it.
Subject Posted By Posted On
RE: RE: RE: Hard Market? Would somebody please tell Liberty WAZZUP
Jul 1, 2009, 1:17 pm
RE: RE: Hard Market? Would somebody please tell Liberty? Mr. Obvious
Jul 1, 2009, 12:59 pm
RE: Hard Market? Would somebody please tell Liberty? Jimmy
Jul 1, 2009, 10:08 am
RE: Hard Market? Would somebody please tell Liberty? Lukiehere
Jul 1, 2009, 7:46 am
RE: Hard Market? Would somebody please tell Liberty? Mr Mike
Jul 1, 2009, 7:10 am
Hard Market? Would somebody please tell Liberty? Dally Po
Jul 1, 2009, 5:42 am
RE: RE: RE: RE: Buying Business Former Status Quo
Jun 30, 2009, 7:57 pm
RE: RE: RE: Buying Business mga's trying to survive
Jun 30, 2009, 5:27 pm
RE: RE: Buying Business Neptune
Jun 30, 2009, 1:23 pm
RE: Buying Business not sure
Jun 30, 2009, 1:12 pm
RE: Repaying the Debt I Wonder
Jun 30, 2009, 12:56 pm
AIG Made 30%+ Profit Off Bailiout $ The Thinker
Jun 30, 2009, 12:50 pm
Buying Business T-dub
Jun 30, 2009, 12:37 pm
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