AIG Reportedly Facing $60 Billion Loss; In Talks For More Government Aid

February 23, 2009

  • February 24, 2009 at 1:36 am
    wudchuck says:
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    Warren does not own AIG, he owns GEICO! that company has made a profit. AIG has lost another $60 BILLION!!! what in the world is going on? part of that money is probably the executives trip.

    they should just be derezzed (using a term fm disney’s TRON movie). Scatter that business where folks can truly behave and don’t lie.

  • February 24, 2009 at 1:37 am
    thoroughly disgusted says:
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    At least AIG could have the common courtesy to give us a reach around while they screw us out of our money.

    This disgusts me. how can our government do this? If they give them the extra money they are looking for they are just putting a band aid on a broken arm.

  • February 24, 2009 at 1:41 am
    Ben Dover says:
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    This is a complete SCREW JOB!! Period. Why don’t we just ask Osama if he wants some money as well…with some Vaseline?

  • February 24, 2009 at 1:42 am
    TNP says:
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    if this passes and AIG gets this money, who’s with me for getting a bunch of torches, pitchforks, some hot tar, feathers, and going to all of AIG’s Executives homes and just standing there with a huge mob outside their home, just to ask them, how much to they REALLY need that extra $60B?

  • February 24, 2009 at 1:46 am
    equally confused says:
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    I am also confused as to why AM Best holds this carrier in high regards… Its difficult to advice customers when AM Best still gives them a high grade… sure the outlook is negative, but I wish AM Best would adopt a proceedure that was more clear and current.

  • February 24, 2009 at 1:48 am
    A. Broker says:
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    The company formerly only hated by insiders is now despised by all of America. Where’s Jack Kervorkian when we need him?

  • February 24, 2009 at 1:48 am
    Mario says:
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    Enough is enough. AIG shold liquidate all reamaining holdings at whatever price they can get. The government should not give AIG any more money. This means higher taxes for all in the future.
    Suspend AIG from writing any new policies, and then liquidate them ASAP.

    Take Care

  • February 24, 2009 at 1:56 am
    me says:
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    i just want to know. is this all just left overs from the mess Bush left for Obama or is Obama’s current administration really OK with this?

  • February 24, 2009 at 2:05 am
    Brokette says:
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    Don’t you mean you want a system that tells you when to stop placing business with a carrier and be absolved of any responsibility?
    When the Mission Insurance Company went BK, I worked for an agency who did a mass mailing to all of their Mission insureds telling them that they could replace their coverage for approximately 25% more than they were currently paying. It referenced all the bad press that Mission had been getting and expressed that we were happy to meet with them to discuss the issues.
    Out of the well over 100 insureds who received this mailing, you could count on the fingers of your hand with the thumb missing the number who responded and wanted to make the change.
    Sometimes who just can’t overcome the stupidity and irresponsibility of clients. And AIG knows that cheap pricing generally prevails.

  • February 24, 2009 at 2:10 am
    Tired of the crap Man says:
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    AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

    Thats a loud scream by the way.



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