AIG Estimates $1 Billion in Q1 Catastrophe Losses, Most from Japan

March 20, 2011

  • March 21, 2011 at 2:10 pm
    Scott says:
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    Why Did WE save this company ? Just think of the hard market that could have been

  • March 21, 2011 at 2:40 pm
    Agent says:
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    Whoops! I hear another bailout coming around the corner from Turbo Tax Tim. This is what you get for being in the global market. I am sure they will get every consideration from the government due to this incident.

  • March 22, 2011 at 3:36 pm
    Larry Dean says:
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    Let’s see now … the U.S. taxpayers own 90% of AIG. Now AIG must use billions to restore Japan during their crisis. Sounds like the citizens have already contributed to the restoration of this country; and, at the same time, don’t you hear Congress sending out the message of why we, the U.S. taxpayers, need to cough up even more taxes to pay for Japan’s recovery?

    • March 22, 2011 at 4:39 pm
      Agent says:
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      Yes, I can see him sending a lot of those good union contractors over there to help them rebuild. There is plenty of money to be made from this disaster. AIG/Chartis will not fail. After all, they write the pension program for Congress and they will have plenty of money to keep that going.

      • March 22, 2011 at 4:59 pm
        Larry Dean says:
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        I only wish I could locate the documented source about AIG’s underwriting of the Congressional pension plan. I have heard this in passing (as in your comment) but can’t lay my hands on where this is stated. Once revealed to the Internet email fans, maybe our Congress will be less excited about advancing billions to the same source of capital that funds their retirement.

  • March 23, 2011 at 4:06 pm
    FLagent/insured says:
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    Apparently none of you represent this company or you would know the real details. One, the government bailed out the life and financial side of AIG, the property side was and is very well funded. AIG is one of the only carriers that will insure certain risks and that includes U.S. business.

    • March 23, 2011 at 4:39 pm
      Agent says:
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      And they were right in the middle of the Bid Rigging scandal with Marsh, AON, Willis and is just now settling for many millions of dollars. This company was pretty much rotten to the core on both the P&C side as well as the financial side. Part of the culture of corruption permeating from the wonderful N/E.



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