Thread regarding AIG (American Intl Group Inc.) layoffs

AIG is in the process of shrinking WC lines. What they end up keeping will go to TPA's and will be sold off. Hope you get RIF'd before it happens because you probably won't end up with the severance being offered right now.

AIG is more a recruiter for the "other side"....asking for gods help will fall on deaf ears......she does not care.

Please God, END this Nightmare called AIG! PLEASE PLEASE PLEASE!

The president of pcg was hand picked by PZ so why would we expect anything different from her?

AIG should sell Private Client to a company that actually knows how to make money. High net worth is a good market, but everything about Private Client is antiquated from sales to underwriting to claims.

Their competition runs circles around them. Private Client still has some great employees, but AIG has failed them as a company. Many great employees have already left for the competition and many more will be leaving in the near future. Private client leadership is c—y and feels they can dictate terms to their brokers or bride them with extra commission to push their outdated products and services. This may work for some greedy brokers, but you will lose your client in the end if you trust them with AIG.

Much like AIG as a whole, you are witnessing the downfall of Private Client, a once great company.

AIG is the company that BD and PZ got paid Millions and the board kept approving raises and $200% STI's while the company was sinking.

The year of the Underwriter was only meant for themselves and their cronies. Not the people who hit the pavement trying to book business for AIG. AIG has a bad reputation out there so it is hard to get business in. But then who cares, we are not rewarded, as what we bring in, they take as their credit and get the big bonuses. Their way of doing business is so outdated. There are better, more equipped and technical advanced insurance companies out there. AIG? Who is that? Oh, the company who took a bailout and got rid of their talented people.

Personal Lines isn't the only line of business shrinking. Oh ya, year of the underwriter. Ha Ha Ha. They aren't underwriting for AIG Claims Services......that is for sure

Wholeheartedly agree - we have a fantastic Board of Directors put in by him so he can do this as well as PS, and the other crooks. Who is checking on them? No Regulators, auditors, SEC, and government is looking at a company that had a large bailout and in return they laid off people to line their pocket. Guess that is the corporate world greed.

Is BD still alive? Seems like he only comes out of his hole once every three months to read from a teleprompter, then he goes back to enjoy his $20,000,000 a year in Bermuda. That works out to around $55,000 a day including weekends, but not including STI/LTI/Stock Perks. How does that make you feel worker bees? BD makes more in one day sitting on the beach then you make all year. He really cares about you though, remember he keeps telling you that.

Not a bad part time gig!

See many years ago, MRG pick and trained BD to be his heir apparent to lead AIG. To everyone surprise, MRG changed his mind and BD left AIG. Now he is back. Now we know why MRG changed his mind. He knew BD will destroy AIG with his greedy ways - squeezing water out of a rock and working the staff who are not in his inner circle to death.

Winding down is about time. This has been going on for years. Break up the company.

We might as well close shop. Looks like we are winding down.

so we should focus on Prof. Liability. Write it alllllll

All I would say Is Heritage is a well built and entrepreneurial crew that has the capacity to handle the transferred business.

Well the Worker Compensation business is shrinking. The little that is being written is going to TPA's. What a circus this has turned out to be. Very sad as it was once an awesome company

Private client thinks it can non-renew or move these policies and their brokers will just play along. You just screwed a lot of brokers around the country. Will never trust this company again.

Guess one of BD or PS buddies are going to profit big time from this similar to all other actions they did - Validus, Blackboard. etc.

It’s one of the great mysteries with AIG, how they can keep operating without business.