They are covered just as well as anyone else in this economic inversion. If Obama and Geitner keep throwing monopoly money at this thing it will never stabilize until we have an international collapse. Let prices and wages fall then start the 12 steps back from a true basis.
The regulators are sticking their necks out an awful lot. They do not have a clue, actually, but simply hope the US Government has enough trillions to keep the company afloat. If rating agencies said there was no risk of failure, they would be sued for fraud.
You actually believe that insurance policies with AIG or for that matter AIU are not safe? You are illinformed.
Do you have any clue how much surplus AIU has? Nope- you don’t because you are ill informed. Try over $26B!
As for ratings from the agencies….The insurance companies would probably be double A rated if it were not for the parent corp- AIG. They are still A rated!
Oh and by the way, the closest competitor to AU has 1/2 the surplus of AIU! Yet you say your A**?
The longer you perpetuate this negativity, this jealousy, this anger, this ill will, sillier you look on these posts. Oh, I forgot- many of you like to see your posts. It’s your 2 minutes of fame.
Oh and by the way, on a topic of ethics…As an insurance professional you should be very careful about “badmouthing” the competition…..look up the definition of “defamation” under fair trade practices.
Insurance Chick, why should we accept the $26B surplus figure as adequate? I’ve seen you post this elsewhere and was just wondering how that compares to premiums or exposure or risk or however one should measure the adequacy of the surplus.
I too would like to know why Insurance Chick is so hellbent on this topic. Of all the posts i’ve seen on IJ, yours seem to be the most bitter.
Do you work for AIG….err…AIU??
Based on what i’ve seen in the marketplace, I don’t feel $26b is even close to adequate surplus to cover the exposure AIG insurance co’s have put out there….in particular, the non regulated surplus lines co’s.
This and other items on the NAIC site were helpful in clarifying the division of labor between the OTS and state insurance regulators in dealing with the situation.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
They are covered just as well as anyone else in this economic inversion. If Obama and Geitner keep throwing monopoly money at this thing it will never stabilize until we have an international collapse. Let prices and wages fall then start the 12 steps back from a true basis.
The regulators are sticking their necks out an awful lot. They do not have a clue, actually, but simply hope the US Government has enough trillions to keep the company afloat. If rating agencies said there was no risk of failure, they would be sued for fraud.
You actually believe that insurance policies with AIG or for that matter AIU are not safe? You are illinformed.
Do you have any clue how much surplus AIU has? Nope- you don’t because you are ill informed. Try over $26B!
As for ratings from the agencies….The insurance companies would probably be double A rated if it were not for the parent corp- AIG. They are still A rated!
Oh and by the way, the closest competitor to AU has 1/2 the surplus of AIU! Yet you say your A**?
The longer you perpetuate this negativity, this jealousy, this anger, this ill will, sillier you look on these posts. Oh, I forgot- many of you like to see your posts. It’s your 2 minutes of fame.
Oh and by the way, on a topic of ethics…As an insurance professional you should be very careful about “badmouthing” the competition…..look up the definition of “defamation” under fair trade practices.
Cat got your tongue?
What about AIG and bid rigging?
Insurance Chick, why should we accept the $26B surplus figure as adequate? I’ve seen you post this elsewhere and was just wondering how that compares to premiums or exposure or risk or however one should measure the adequacy of the surplus.
I too would like to know why Insurance Chick is so hellbent on this topic. Of all the posts i’ve seen on IJ, yours seem to be the most bitter.
Do you work for AIG….err…AIU??
Based on what i’ve seen in the marketplace, I don’t feel $26b is even close to adequate surplus to cover the exposure AIG insurance co’s have put out there….in particular, the non regulated surplus lines co’s.
This and other items on the NAIC site were helpful in clarifying the division of labor between the OTS and state insurance regulators in dealing with the situation.