First, you buy what remains of a Woodland Hills based direct writer of automobile insurance that has a solid reputation and a very loyal customer base. Yeah, you own 60% of the stock, but have managed to leave the company alone – until now. The motivation? “Economies of Scale”, “building a brad”, and “simplified distribution” (I can’t wait hear about the new call centers in the Phillipines and India).
Second, you try to sell this to your appointed AIG Auto and AIG Private client producers that just might see their books of business migrate over to aigdirect.com.
Finally, you set up a distibution system like Progressive’s to really get everyone pissed off. After all, Progressive has bragging rights to the lowest underwriting expenses in the business, and you couldn’t possibly live with that. Screw the producers – and the employees that will soon lose their jobs.
Yup – squeeze every possible nickle and dime out. I feel sorry for anyone that buys their auto insurance through 21st Century.
That’s AIG math!
First, you buy what remains of a Woodland Hills based direct writer of automobile insurance that has a solid reputation and a very loyal customer base. Yeah, you own 60% of the stock, but have managed to leave the company alone – until now. The motivation? “Economies of Scale”, “building a brad”, and “simplified distribution” (I can’t wait hear about the new call centers in the Phillipines and India).
Second, you try to sell this to your appointed AIG Auto and AIG Private client producers that just might see their books of business migrate over to aigdirect.com.
Finally, you set up a distibution system like Progressive’s to really get everyone pissed off. After all, Progressive has bragging rights to the lowest underwriting expenses in the business, and you couldn’t possibly live with that. Screw the producers – and the employees that will soon lose their jobs.
Yup – squeeze every possible nickle and dime out. I feel sorry for anyone that buys their auto insurance through 21st Century.
How can a bankrupted FAILED FEDERALIZED insurance company by my auto insurance company ???
My auto insurance premium is PAYABLE to AIG says my statement ?
…. and this bankrupted FREAKISH company has the nerve to lay off people …. as they are being taken over by the FEDS ?
ISN’T THIS GOING TOO FAR ?