Reinsurers Sue AIG Alleging Claims Fraud; AIG Denies All Wrongdoing

August 1, 2005

  • August 1, 2005 at 7:42 am
    GRobert says:
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    Not one of you guys has a clue what this is all about. Google John Hancock and see how many non-pay Carve out arbitrations they are involved in over the past 5 years. It is staggering and disgraceful. They created the problem, touted it to their shareholders and then shut payments down when they finally realized how bad it was.

  • August 1, 2005 at 7:56 am
    TPO says:
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    Another scandal at AIG! What a coincidence!
    Do you think the corporate culture has any thing to do with this?

  • August 1, 2005 at 8:53 am
    Mike says:
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    How are we supposed to recommmend AIG to prospects with stuff like this?

  • August 1, 2005 at 10:36 am
    Business as usual says:
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    Who excels in this department of adverse medical costs? none other than “Health Net Corporation.”

    Well, as usual I woke up this morning with no medical insurance, no job to go to, no immediate plans to much of anything but to wait by the telephone to hear from Heath Net’s great attorney’s at Lawlessness.

    Also, SINCE Health Net supported me with their Westing house seal of approval, at no cost to my employer “Black Angus Restaurant.” Who’d a thunk? that based on California Compensation Insurance Company’s doctor’s they would find injuries supportive evidence of a work injury.

    So, if there hadn’t been a family history of Asylum or Alcohol dependency in open access to insurance companies, they would not have known that as a high school student at Evergreen High School, in Vancouver Washington, angrily I was forced to go to a Veterans affairs Alcohol psychiatrist.

    This appointed Doctor by Cal-Comp used that information as a sticking point to inject the use of Nortriptyline, (for prescribed nerve pain) as a base line for their objective, psychiatric-psychosomatic reference to my neuropathy of the left elbow & C8.

    Talk about playing on people’s family history and stigma of mental heath. At first, I couldn’t figure out exactly where they were pulling this from: Got it now, exactly.

    With the facts known, but not allowed to be entered, in the real time medical properties, has turned into a missing ulna styloid process of the ulna, to NOW a chuck of bone cut out of my ulna bone to support Rheumatoid Arthritis. Oh, boy now I have 2 missing chunks, so pretty much along with the elbow joint shifting, to the shoulder, I am in a great position to provide financial support with that extraction of bone out of my left wrist.
    Not to be advanced with a little help from my friends “Tenet Healthcare, HCA” what first? would entry more applicable as “cream of wheat in her left distal radial Ulnar joint” then their unbelievable observational medical diagnosis shoved up my ***. Another concocted Bourbon Legends to decipher?
    So, Health Net what is going to take for you to get straight with patients? What will it take you to return a phone call? Does this all sound familiar? Do you think I enjoy waking up every morning 24-7 thinking of how you screwed my ability to support my son on wages? Do you think I enjoy fighting for which you stole from me? How about if we trade place’s and see if you would like the same conditions you imposed to my son and I? and still inclined too.

  • August 1, 2005 at 2:26 am
    Sue says:
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    Being an ex AIGer. I’m expecting more to come.

  • August 1, 2005 at 2:28 am
    GRobert says:
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    Try looking at this another way. The reinsurers on this are the same non payers as on over 30 other cases just like it from the WC Carve out era. They have been doing it for years. But they have finally bitten into a company they won’t be able to “outlast”

  • August 1, 2005 at 2:47 am
    FHall says:
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    I’m having a reinsurance problem myself with Castlewood (US) Inc., formerly International Solutions, handling the run-off of a treaty for Continental Insurance. Anyone else had a distasteful experience with Castlewood?

  • August 1, 2005 at 3:05 am
    They are good! says:
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    AIG knows how it works, as they set up some WEIRD transactions thourgh their own reinsurance company… NAT’L UNION.
    Let’s see, no real transference of risk, refunding of premiums when called on it by FLDFS… Maybe one day, someone will actually figure out that AIG did not get its numbers by doing it the hard-earned way… the plot thickens!!!!!

  • August 1, 2005 at 4:09 am
    David says:
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    I don’t know why everyone is surprized. AIG has done this dozens of times over the years, and NEVER had it questioned. They lived off the “backs” of reinsurers, and are the worlds largest buyer of reinsurance. Everyone slowly is coming to the realization that AIG is NOT an insurance company, they are a financial institution that survives on it cash flow and other financial manipulations. They are famous for denying, delaying, using litigation to force a low settlement, and when all else fails, drag out the process, and try to ‘bleed the filer’ dry. The idea of actually having risk is merely a marketing ploy.

  • August 1, 2005 at 5:21 am
    glenn says:
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    if aig was inflating future claims expenses this info goes to ncci that creates rates, exp mods, would not our customers be paying more?



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