combined up, GWP down. AIG, the company that AIG Insurance(AIU or Chartis) pretends they aren’t a part of may be stabilizing, but their insurance operations certainly are not.
Lexington has been buying business like crazy for the past year. Already questionable pricing continues to deteriorate the market and erode premiums. The numbers dont’ lie. They’ll be back for more bailouts with the rate their going. OH but the insurance divisions aren’t the problem. Yeah right!
so, problem is that the insurance side is now farmers, because they bought the 21st century which used to be AIG Insurance. so this net increase, when does the gov’t going to get its start of repayment? when do i get a dividend, because the gov’t used my money?
nut, you must be benmosche…jealous that a company can get bailed out by the us govt, write the rest of the industry into the ground and telecommute from croatia while badmouthing the federal govt lathering suntan lotion on his fat body.
The insurance piece of AIG was never in financial trouble. The trouble started with the mortgage derivatives and swaps and they took down the company until the govt stepped in to help.
Do any of you Bashers have any facts to support your accusations? Every carrier is facing the same challenges with rate retention vs. account retention. When a carrier pursues a new account the rate goes down in a soft market. This is especially true when the carrier has a big bullseye on their back and all of their accounts are under attack. They’ve done amazing well given those circumstances. Whiners.
combined up, GWP down. AIG, the company that AIG Insurance(AIU or Chartis) pretends they aren’t a part of may be stabilizing, but their insurance operations certainly are not.
Lexington has been buying business like crazy for the past year. Already questionable pricing continues to deteriorate the market and erode premiums. The numbers dont’ lie. They’ll be back for more bailouts with the rate their going. OH but the insurance divisions aren’t the problem. Yeah right!
so, problem is that the insurance side is now farmers, because they bought the 21st century which used to be AIG Insurance. so this net increase, when does the gov’t going to get its start of repayment? when do i get a dividend, because the gov’t used my money?
You are all out of your minds… you just love bashing don’t you
Accept the fact that the company is turning around. Are you just jealous
nut, you must be benmosche…jealous that a company can get bailed out by the us govt, write the rest of the industry into the ground and telecommute from croatia while badmouthing the federal govt lathering suntan lotion on his fat body.
The insurance piece of AIG was never in financial trouble. The trouble started with the mortgage derivatives and swaps and they took down the company until the govt stepped in to help.
Do any of you Bashers have any facts to support your accusations? Every carrier is facing the same challenges with rate retention vs. account retention. When a carrier pursues a new account the rate goes down in a soft market. This is especially true when the carrier has a big bullseye on their back and all of their accounts are under attack. They’ve done amazing well given those circumstances. Whiners.