SEC Subpoenas as Many as 12 AIG Senior Executives in Probe

March 28, 2005

  • March 29, 2005 at 11:02 am
    Scary thought? says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    RICO Act and Monopolistic Power are pretty right on. I think a complete disintegration of Marsh would serve the industry well. Certainly open up other opportunities for regional brokers who get fenced out because of Marsh’ size and power. There needs to be a better distribution of revenues and opporunities for the insurance industry as a whole.

  • March 30, 2005 at 1:14 am
    victim says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    We had insurance with an AIG Company.
    We were hit by a tornado and they didn’t pay. AIG doessn’t pay their insured’s claims. They put insureds through a shredder of claims fighters with are AIG service companies, shell companies, fighting to defeat your claim. They are time vampires and at the end they don’t pay you. They pay themselves, they pay other AIG companies to defeat the claims of insureds. They give big political bucks in all 50 states and manage to keep a license to sell insurance. They should not be allowed to business in my state, Texas, or yours.
    Government and insurance are in bed and small busines is the big looser. Yes this
    effects payroll. The workers are not being paid enough and insurance has put the squeeze on the middle class. The people who give money to the politicians are getting richer and the rest of us are getting fleeced. If you sue an AIG company you get drug through Federal Coourt by a team of lawyers from D.C. They make a bad example out of you and bully a small business that was once a customer. It is jail time for these people. good for Spitzer. AIG doesn’t pay. NO integrity
    in their claims handling and the indemnity money goes to AIG in some form or another or to
    D.C. lawyers who drain the life out of everyone involved. The whole group is shameless. How do they keep their license to sell insurance?



Add a Comment

Your email address will not be published. Required fields are marked *

*