15 to 20 years ago AIG was the go to company for insurance. Now we are one of the last companies that people go to. This is a fact. They have lost so much upper management with experience and claims expertise they can never recover. Even the younger employees are fleeing the company due to constant threat of layoffs. You have a younger staff with little to no experience in insurance. AIG now has lots of competition in the market place for the same products we owned for years. If you think you can use layoffs to make yourself profitable you are wrong. Also when are they going to get proper reserving right. I was a 35 year vet of AIG who saw the writing just in time. AIG was a great company to work for when HANK was in charge. We use to say AIG would be the one to buy you. Now AIG could be bought by the right buyer.
Well said @XEOoDRK-2gnb . It’s almost fascinating how a company that was dominating the market for years let that slip from its hands. If this wasn’t so tragic and if this wasn’t affecting so many lives, it would be funny.