Yes. Ugly is the right word. Few are hiring outside technology and even there it's getting more competitive. But this company has way too many issues to be viable long term. Big data breach is inevitable.
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To Post ID: @3ohz+15VuuhRx most of the small amount of business being written is going to TPA's. Very little being administered by AIG. Lots of RIF's have happened and will continue to happen. Stock will never go where it was before.
Stock is at $32.53. They must be writing new business and cutting employees. The numbers will be bad based on not writing business and the economy.
AIG might see a nice gain from its investment portfolios, depending on how well its commercial mortgage and mortgage backed securities books are doing.
On the flip side, expect large declines in NPW across many Commercial lines, Personal lines, and Travelguard
stock is over $31. Time to sell and go to Vegas
To Post ID: @1rwr+15VuuhRx you must be from outside the company or Management. No one is in the office and things aren't going to get better. More RIF's are on the horizon. Why would you assume or give others false hopes. That's down right wrong.
Stock is at 30.28, is it time to buy. Have things in the office improved, Is it a good working environment. Do we have the product, rate and team to write new business. I guess I answered my question. Hang in there, things can only get better
To Post ID: @1puz+15VuuhRx you are right. But unlike other Ins. Co's, they will hire more Senior Management with contracts first, otherwise known as their Buddies.
I heard it was going to be bad like many other Insurance companies. They will have to let people go at a quicker pace.
So sad the way this company has been handled. Greed is what will take it down and what has.
I think it will be very bad. That means more people will not have a job.