Best, S&P See No Change in AIG’s Ratings, But Outlook Remains Negative

March 3, 2009

  • March 3, 2009 at 8:03 am
    Maybe it's time says:
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    Maybe it’s time to let AIG & banks, etc. take the fall for all the stupid things they knowingly did in the past. We are moving along to a different world now & some of the past may need to be abandoned.

  • March 3, 2009 at 1:48 am
    Gamestop says:
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    No change in the AM Best rating?!

    Does anyone really believe that AM Best is a fair, non biased, honest rating agency? What credibility do they possibly have?!

  • March 3, 2009 at 2:57 am
    A Real Insurance Person says:
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    Best Is just playing to it’s revenue base….AIG

    Is Best saying that WCA polices will be paid in full 30 years from now?

    What about $50 Million dollar products accounts? Losses 20 years from Now!

    Is AIG writing claims made biz on an occ basis?

    What about pricing? Best must know in the insurance business that wounded Insurance company only write new biz or keep renewal by discounting 30-40% off of renewal pricing.

    When one or more of AIG insurance companies bite the dust….what will Best say to the buyers that have trouble collecting from…………

  • March 3, 2009 at 3:15 am
    Apple says:
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    A company that needs BILLIONS of dollars of government funds to avoid total catastrophe should not be A-rated. A company that has the potential to damage world markets because it is financially unstable should not be A-rated. I get sick of all this talk about “…but AIG’s insurance operations are just fine.” Give me a break. Is anyone here other than me an AIG alum? AIG is made of approx 50+ companies, but at the end of the day it’s really just one big company. If that were not the case it would be much easier to separate the insurance operations from the other stuff, but that is clearly not possible. If the gov refused to give bailout money, the insurance operations would feel the effects, believe me.

  • March 3, 2009 at 3:18 am
    Bull $hit says:
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    Only AIG could post the single greatest quarterly loss in corporate history and NOT get downgraded.

    That being said….whats it going to take for AIG to be downgraded by Best?

    AIG is a penny stock on life support and they still don’t get downgraded. Gee…that’s not too shady.

  • March 3, 2009 at 5:44 am
    Bob says:
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    To all of (you) AIG haters & baiters:
    Sit down & consider the carnage that would ensue beyond that which we’ve already suffered through since this worlwide melt-down began…now TRIPLE (at least) that…and that’s what you’ll have if AIG is forced to close their doors.
    As to Best..-they’ll be dealt with in the future by the AG or a Congressional Committee, and I don’t see a bright future for them.

  • March 3, 2009 at 5:50 am
    dum dum says:
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    why does the same clown posse continue to comment in this forum. We get it you don’t like AIG. Move on.

  • March 3, 2009 at 6:15 am
    gamestop says:
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    It’s not a case of putting down AIG or their management or product-the results of both are demonstrated by what they have done and is really not up for debate. It simply is what it is.

    The fact that people inside AIG are jumping off the burning ship….take the team at Lex who are now bringing the same “expertise” to Ironshore, says it all.

    The concern I have is how a carrier like AIG who has had two huge bail outs, has lost more money in one quarter than any company in recorded history, could still possibly retain an AM Best rating.

    Best is quick to downgrade a carrier like Dallas National (who’s PRICING and GROWTH triggered the downgrade-along with competitors whining about pricing to AM Best) but yet, no action against AIG?

    AM Best is not a credible rating agency and has not been for years.

  • March 4, 2009 at 1:39 am
    Apple says:
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    Listen you schmuck, this is a free country and people can whine all they want. The few people who commented on this article pretty much represent the majority with regard to this issue. If you are so sick of hearing it, stop reading comments related to AIG. With that said, I am going to use my freedom of speech one more time and say that I can’t stand AIG. I worked for them and think they are getting what they deserve. There it is, more whining for ya!!

  • March 4, 2009 at 2:10 am
    I'm with Apple says:
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    I’m with apple for the simple fact that I would like to exercise my right to ***** and moan about AIG til the cows come home..or until the govt takes that right away too.

    Hey apple, maybe that dimwit is one of the not so bright producers who keeps complaining about their commissions dropping and the market being too soft..but then places half their business with Lexington at a 30% premium reduction.



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